Death Crossovers: 4 stocks signalling bearishness on Feb 7
By Ritesh Presswala, ETMarkets.com |
1/5
Bearish Signs
In the NSE list of stocks with a market cap over Rs 1,000 crore, four stocks are witnessing Death Crossovers, according to StockEdge.com's technical scan data. The death cross is a technical indicator of bearishness. It appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average. These stocks' 50-day SMAs crossed below their 200-day SMAs on February 6. Take a look:
2/5
Geojit Financial Services
CMP: Rs 90.46 | 50-Day SMA: Rs 109.77 | 200-Day SMA: Rs 110.33
3/5
Filatex India
CMP: Rs 48.89 | 50-Day SMA: Rs 59.01 | 200-Day SMA: Rs 59.19
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4/5
Gujarat Industries Power Company
CMP: Rs 191.13 | 50-Day SMA: Rs 218.09 | 200-Day SMA: Rs 218.41