Negative Breakout: These 8 stocks cross below their 200 DMAs
In the NSE large-cap pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on October 3, 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:
