[In the Nifty500 pack, 14 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on February 12, 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 to determine the overall trend in a particular stock. Take a look:
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Negative Breakout: These 14 stocks close below their 200 DMAs
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