In the Nifty500 pack, the closing prices of 21 stocks fell below their 200-day moving averages on January 9, according to StockEdge.com’s technical scan data. Of these, we have highlighted 11 stocks that slipped more than 2%. 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 for determining the overall trend in a particular stock. Take a look:
ET Intelligence Group: Oil marketing companies (OMCs) are set to drive earnings growth in the oil and gas sector in...
Allegiant Travel Co. will acquire Sun Country Airlines Holdings Inc. in a cash-and-stock deal valued at $1.5 billion including Sun...
The chief legal officer of Disc Medicine sold 6,500 shares of the company for $511,472 on Jan. 2. The sale...
Mumbai: Credit demand in India is getting a boost from the reduction in the goods and services tax (GST) and...
Eric Vaughan, CEO of enterprise-software powerhouse IgniteTech, was unwavering as he reflected on the most radical decision of his decades-long...
Enterprise Products Partners is a North American midstream giant. The master limited partnership has increased its distribution annually for 27...
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