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Negative Breakout: These 13 stocks cross below their 200 DMAs – Downside Ahead

by FeeOnlyNews.com
6 months ago
in Business
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Negative Breakout: These 13 stocks cross below their 200 DMAs – Downside Ahead
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In the Nifty500 pack, 13 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on December 16, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates the stock’s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:



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