In the Nifty200 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 20, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Intel’s $100 billion April rally makes it market’s hottest stock
Intel has emerged as one of the hottest S&P 500 stocks, adding over $100 billion in market value during a nine-day, 53% rally. A string