A death cross pattern occurs when a security's short-term moving average drops below its long-term moving average (Investopedia).
All FAANG stocks are now in Death Crosses, Apple being the last to get there on Friday. Apple was once a trillion dollar company and now valued at $715 billion.
In Markets:
Dow: 22,445.37
The Dow’s 50-day moving average stands at 25,110.27, compared against its 200-day average at 25,075.38.
S&P 500: 2,416.62
The S&P 500 with the 50-day moving average at 2,759.28.02, below the 200-day moving average of 2,762.02.
Links
Submitted December 23, 2018 at 07:40AM by markyu007 http://bit.ly/2GCnHx2
No comments:
Post a Comment