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HomeStock MarketNegative Breakout: 5 stocks dropped below their 200 DMAs - Flashing Red

Negative Breakout: 5 stocks dropped below their 200 DMAs – Flashing Red



In the Nifty 500 pack, 5 stocks’ close 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. 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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