Its advantage bulls in Bayer Cropscience as the stock makes a golden crossover

The share of Bayer Cropscience saw the 50 DMA cross the 200 DMA from below on Wednesday.

Bayer Cropscience gained more than 1 per cent in previous trading session closing in green after slipping in red during the intraday session. The buying in the last hour of the session with volumes helped stock close in green. 

The share of Bayer Cropscience saw the 50 DMA cross the 200 DMA from below on Wednesday. In technical parlance we call it a golden cross over. A golden crossover is a technical indicator which suggests bullishness in the underlying for the medium term. The bulls have an advantage if we go by the technical indicator. 

Bayer Cropscience is a high beta stock carrying a dividend yield of 1.99 per cent. 

The stock has gained close to 5 per cent in one week while in one month the stock is up by close to 10 per cent. The 52-week high for the stock is 6601. 

Bayer Cropscience Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 26,014.06 Crore) operating in Pesticides/Agro Chemicals sector. Bayer Cropscience's key poducts include Insecticides, Pesticides, Herbicides & Weedicides & Fungicides.