Cemex S.A.B. de C.V.(CX) is in an downtrend but momentum is showing some life

(29-Jan-2008) (29-Jan-2008) Cemex S.A.B. de C.V.(CX) closed at 25.48, up 1.48 or 6.17 % for the day. Based on our analysis, Cemex S.A.B. de C.V.(CX) is in an downtrend but momentum is showing some life.

The closing price of Cemex S.A.B. de C.V.(CX) is below its 50 day moving average of 25.95 (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 Cemex S.A.B. de C.V.(CX) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 24-Jan-2008, about 5 trading days ago.