Positive Breakout: These 3 stocks cross above their 200 DMAs
, ETMarkets.com|
In the Nifty200 pack, three stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on December 11, according to stockedge.com's technical scan data.
ETMarkets.com
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Agencies
200 DMA: Rs 6939.47| LTP: Rs 7115.1
ETMarkets.com
200 DMA: Rs 162.49| LTP: Rs 164.91
ETMarkets.com
200 DMA: Rs 342.24| LTP: Rs 343
ETMarkets.com
