Delhivery, HPCL among 5 midcap stocks trading above 20-Day SMA

In the dynamic realm of stock trading, technical indicators play a pivotal role in guiding investors. One such indicator, the 20-day Simple Moving Average (SMA), offers insights into short-term trends. When a stock crosses above this moving average, it can signal a bullish trend. On September 20, several midcap companies garnered attention by crossing their 20-Day SMA, hinting at potential positive developments. Let's explore the performance of these stocks. (Data Source: StockEdge)

1. Fortis Healthcare
Fortis Healthcare Limited, a significant player in the healthcare industry, demonstrated promising performance as it crossed its 20-Day SMA. The stock surpassed a 20-day SMA of 332.27 with a closing price of 336.75 on September 20.

2. Thermax
Thermax Limited, a prominent midcap company, exhibited strong bullish momentum on September 20. The stock surpassed a 20-day SMA of 2807.41 with a closing price of 2908.85.


3. Alkem Laboratories
Alkem Laboratories Limited, operating in the pharmaceutical sector, showed strength by surpassing its 20-Day SMA. The stock crossed a 20-day SMA of 3673.5 with a closing price of 3685.25 on September 20.

4. Hindustan Petroleum Corporation
Hindustan Petroleum Corporation Limited, a significant entity in the energy sector, saw its stock cross above the 20-day SMA. The stock crossed a 20-day SMA of 257.28 with a closing price of 257.8 on September 20.

5. Delhivery
Delhivery crossed a 20-day SMA of 430.48 with a closing price of 430.95 on September 20.

(Disclaimer: This is an AI-generated article. Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)