Federal Bank, Hindustan Zinc among 5 stocks that have crossed 200 SMA
Several stocks, including Bayer CropScience, The Federal Bank, and Restaurant Brands, crossed their 200-day Simple Moving Average (SMA) on July 4, 2023. The 200 SMA is a critical technical indicator that provides insights into a stock's long-term trend, and when a stock's price closes above it, it often indicates strength and potential upward momentum.