Positive Breakout: These 4 stocks closed above their 200 DMAs
1/5
Trend Tracker
In the Nifty500 pack, four stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on May 22, according to stockedge.com's technical scan data. 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:
2/5
Jubilant Pharmova
200 DMA: Rs 1015.67| LTP: Rs 1069.15
3/5
Tata Teleservices (Maharashtra)
200 DMA: Rs 73.91| LTP: Rs 76.68
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4/5
Pfizer
200 DMA: Rs 4980.6| LTP: Rs 5139.4
5/5
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200 DMA: Rs 70.53| LTP: Rs 71.19