Death Crossovers: These 6 stocks signal further bearishness
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Bearish Signs
In the NSE list of stocks, six stocks with a market cap of over Rs 3,000 crore are witnessing death crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks' 50-day SMA crossed below their 200-day SMAs on April 3. Take a look:
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JK Tyre
CMP: Rs 154.35 | 50-Day SMA: Rs 155.88 | 200-Day SMA: Rs 156.5
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LT Foods
CMP: Rs 97.93 | 50-Day SMA: Rs 103.78 | 200-Day SMA: Rs 104.05
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Lupin
CMP: Rs 651.65 | 50-Day SMA: Rs 687.96 | 200-Day SMA: Rs 689.51
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Yes Bank
CMP: Rs 15.34 | 50-Day SMA: Rs 16.52 | 200-Day SMA: Rs 16.55
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Paradeep Phosphates
CMP: Rs 50.84 | 50-Day SMA: Rs 55.22 | 200-Day SMA: Rs 55.29
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West Coast Paper Mills
CMP: Rs 547.65 | 50-Day SMA: Rs 511.43 | 200-Day SMA: Rs 511.45