Negative Breakout: These 11 stocks cross below their 200 DMAs

In the Nifty 500 pack, the closing prices of 20 stocks fell below their 200-day moving averages on February 13, according to StockEdge.com’s technical scan data. Of these, we have highlighted 11 stocks that slipped by about 2% or more. Trading below the 200 DMA is considered a negative signal as it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders to determine the overall trend in a particular stock. Take a look:

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