Diageo Trades Below 200 & 50-Day SMA: How to Play the Stock?

Diageo plc (DEO) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. The company is trading below both the 200-day and 50-day simple moving averages (SMAs), suggesting a bearish trend.Currently, at $107.57, DEO remains below its 200-day and 50-day SMA of$120.9 and $108.52, respectively, indicating a possible sustained downward trend.Image Source: Zacks Investment ResearchDEO faced significant headwinds recently, underperforming the Zacks Beverages - Al ...