Nishant Pant breaks down a trade in consulting stock Accenture.
Two weeks ago, I had covered a trade on Alibaba using a very popular indicator called the MACD . Though the MACD is a lagging indicator and tends to deliver signals later, it's highly favored among trend traders for providing reliable cues on trend changes. I believe it's giving another good signal on a new stock. In the six-month daily chart of consulting firm Accenture below, I have highlighted multiple instances where the blue line is crossing below or above the yellow line .
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