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Home Market Research Business

Negative Breakout: These 7 stocks cross below their 200 DMAs

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 1 min read
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Negative Breakout: These 7 stocks cross below their 200 DMAs
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In the Nifty500 pack, seven stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on April 22, 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: BreakoutCrossDMAsNegativestocks
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