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Comment by Deep Space on November 20, 2018 at 4:06pm

As long as they don't cancel 'Jessica Jones', 'The Punisher' & 'Daredevil', I'm cool. That's good shit.

Comment by Boris on November 20, 2018 at 2:56pm

Netflix’s ‘death cross’ is the third for FAANG stocks and Nasdaq Composite is next

Netflix Inc. stock has fallen far enough and long enough to produce its first “death cross” pattern in nearly three years, and become the third member of the former FAANG technology darlings to suffer that bearish technical fate.

A death cross refers to when a price chart’s 50-day moving average, viewed by many as a short-term trend tracker, crosses below the 200-day moving average, which many recognize as a dividing line between longer-term uptrends and downtrends. Technicians view the bearish cross as marking the spot a short-term pullback graduates to a long-term downtrend.

Netflix shares NFLX, -1.44% tumbled 5.5% Monday to the lowest close since Feb. 14. The stock has now plunged 35.4% since closing at a record high of $418.97 on July 9. It has been in a bear market, defined by many as a decline of 20% or more from a bull-market high, since July 30.

With that selloff, the 50-day (50-DMA) moving average has declined to $335.617 from $337.173 on Friday, while the 200-day moving average (200-DMA) has ticked up to $336.249 from $336.167.

https://www.marketwatch.com/story/netflixs-death-cross-is-the-third...

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