In the Nifty500 pack, eight stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 6, 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:
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on June 25, according to stockedge.com’s technical scan data.