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Home Market Research Business

Negative Breakout: These 7 stocks cross below their 200 DMAs – Downside Ahead

by TheAdviserMagazine
5 months ago
in Business
Reading Time: 1 min read
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Negative Breakout: These 7 stocks cross below their 200 DMAs – Downside Ahead
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In the Nifty500 pack, 7 stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on November 20, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because 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:



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Tags: AheadBreakoutCrossDMAsDownsideNegativestocks
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