Applied Materials, Inc.(AMAT) is in an downtrend but momentum is showing some life

(25-Jan-2008) (25-Jan-2008) Applied Materials, Inc.(AMAT) closed at 17.42, down -0.54 or -3.01 % today. Based on our analysis, Applied Materials, Inc.(AMAT) is in an downtrend but momentum is showing some life.

The closing price of Applied Materials, Inc.(AMAT) is below its 50 day moving average of 17.87 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Applied Materials, Inc.(AMAT) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 16-Jan-2008, about 8 trading days ago.