Business
Negative Breakout: These 9 stocks cross below their 200 DMAs – Downside Ahead
In the Nifty200 pack, 9 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 8, 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. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
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