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3. Sell signals are indicated when the market price is lower than the simple moving average. This is because it indicates that the mood of the market is bearish and so the stock has crossed its normal expectation also to stop at lower levels. In this case, it can be seen that around the period of Nov 1 ’13, the stock price had crossed the simple moving average line from up and the stock price kept on declining. This was a sell signal. Similarly, between May 1 ’14 and Nov 3 ’14, the stock price had crossed the simple average line from up and it was a sell signal. The stock price kept on declining for about 4 months after that...
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