Bearish signals, indicating potential selling pressure in the near future, have gripped a handful of global stocks that look close to forming what's known as a "death cross" chart pattern. A death cross is a price chart pattern that forms when a stock's 50-day moving average crosses below its 200-day moving average.
Pro screened for stocks in the MSCI World Index ex-U.S. and found six global stocks close to forming a death cross: Canadian auto parts maker Magna International , Japanese industrials Yaskawa Electric and Minebea Mitsumi , Belgian chemicals giant Solvay , French automaker Renault and Australian lithium miner Pilbara Minerals .
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