Netflix Inc (NFLX)

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Netflix's first bearish 'death cross' chart pattern to appear in 2 years at the open
By: MarketWatch | November 19, 2018

Netflix Inc.'s NFLX, -1.02% stock chart is set to open with a new bearish "death cross" pattern, as the 50-day moving average is on track to open below the 200-day moving average for the first time since October 2016. Netflix's stock slipped 0.3% in premarket trade. The 50-day MA, viewed as a shorter-term trend tracker, is set to fall to $335.929 at the open from $337.173 on Friday, while the 200-day MA, a long-term trend guide, is set to rise to $336.327 from $336.167. A death cross is seen by many chart watchers as the point where a shorter-term pullback transitions to a longer-term downtrend. Netflix is on track to be the third FANG, or FAANG, stock to produce a death cross, following Facebook Inc. FB, -0.79% in September and Google parent Alphabet Inc. GOOGL, -0.26% last week. Amazon.com Inc. AMZN, -0.59% and Apple Inc. AAPL, -2.06% are still at the very least weeks away. Netflix's stock has shed 9.7% over the past three months while the S&P 500 SPX, +0.22% has declined 4%.

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