Negative Breakout: These 11 stocks cross below their 200 DMAs
In the Nifty500 pack, 11 stocks' closing prices crossed below their 200 DMA (Daily Moving Averages) on August 31, 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 a stock's overall trend. Take a look:
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
