UltraTech Cement hits four month low
Published by Joseph Green,
Editor
World Cement,
Reuters are reporting that shares of UltraTech Cement Ltd have fallen by as much as 7% to 3380 rupees. The lowest figure since 8 July.
Stock's 20-day exponential moving average (EMA) has cut below its 50-day EMA.
Stock price has cut below its 200-day EMA at 3520 rupees, also seen negative for stock.
Trend Intensity indicator rises to 15 points from 12 November level of 13, suggesting start of a new downtrend.
Read the article online at: https://www.worldcement.com/indian-subcontinent/15112016/ultratech-cement-hits-four-month-low/
You might also like
Heidelberg Materials to celebrate the opening of its $600 million new plant in Mitchell, Indiana
The opening of the new cement plant will take place on Tuesday, June 13 from 10:00-11:00 a.m. at the ribbon-cutting ceremony in Mitchell, Indiana.
