>former President turned Netflix film producer in Barack Obama
Netflix chart just had it's first "death cross" chart pattern in over two years. Looks like time to hammer that faggot.
"Shares of Netflix Inc. NFLX, +1.08% dropped 2.0% in midday trading Thursday, as a "death cross" pattern appeared in the streaming services company's stock chart, the first appearance of the bearish pattern in nearly two years. The stock's 50-day moving average, which many view as a guide to the shorter-term trend, slipped to $513.96 from $514.89 on Wednesday, to cross below the 200-day moving average, seen as a dividing line between longer-term uptrends and downtrends, which inched up to $514.50 from $514.47. Some chart watchers believe a "death cross" marks the spot where a shorter-term pullback transitions to a longer-term downtrend. The stock was trading 16.5% below its Jan. 20 record close of $586.34. Over the same time, the S&P 500 SPX, +0.88% has gained 9.0%. Netflix's last "death cross" appeared on Aug. 28, 2019, after the stock had dropped 24.2% from a near one-year high about four months earlier; the stock shed another 12.7% before bottoming about a month later. The "death cross" before that appeared on Nov. 19, 2018, after tumbling 35.4% from a then-record close reached about four months earlier; the stock fell another 13.6% before bottoming out about a month later."
Sauce:https://www.marketwatch.com/story/netflix-stock-chart-produces-first-death-cross-pattern-in-nearly-2-years-2021-06-03?mod=mw_more_headlines