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.
The death cross is also used as a bear market predictor.
Analysts are also generally bullish, with 11 out of 14 rating the stock as a buy.
The median price target of all analysts compiled by FactSet points to a 47.5% upside for the stock.
Persons:
Mitsumi, Thierry Pieton, FactSet
Organizations:
CNBC Pro, Magna International, Renault, Magna, U.S, RBC Capital, RBC, Scotiabank
Locations:
Belgian, French