Positive Breakout: These 5 stocks cross above their 200 DMAs – Upside Ahead?

In the Nifty 200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on April 8, 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: