Positive Breakout: These 6 stocks close cross above their 200 DMA
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Uptrend Signal
In the Nifty200 pack, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 11, 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:
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Indian Oil Corporation
200 DMA: Rs 142.1| LTP: Rs 145.15
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Biocon
200 DMA: Rs 348.1| LTP: Rs 354.45
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The Phoenix Mills
200 DMA: Rs 1,634.54| LTP: Rs 1,650
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Cipla
200 DMA: Rs 1,512.9| LTP: Rs 1,521.7
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Godrej Consumer Products
200 DMA: Rs 1,222.09| LTP: Rs 1,223.8
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Rail Vikas Nigam
200 DMA: Rs 427.52| LTP: Rs 427.8