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The death cross has come calling for some stocks. 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. A handful of stocks, ranging from well-known food names to a lesser-known energy company, are close to drawing a death cross. But analysts are bullish on the stock, according to LSEG, with an average rating of buy and price target implying shares could rally more almost 20%. BlackRock also made a death cross and is similarly down more than 9% on the year.
Persons: Smucker, McCormick, Alejandro Zamacona, BlackRock, Craig Siegenthaler, bode, — CNBC's Michael Bloom, Fred Imbert Organizations: CNBC Pro, PepsiCo, Pepsi, Hostess Brands, McCormick, Bank of America, Federal, BlackRock Locations: U.S, LSEG
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