In the Nifty500 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 18, 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:
These 6 penny stocks slip 20-25% in a week
In the week ending February 21, the benchmark Sensex index saw a decline of about 1%. Amid this downturn, 6 penny stocks experienced significant drops