Charles Schwab Corporation (The)(SCHW) is in an downtrend

(29-Jan-2008) (29-Jan-2008) Charles Schwab Corporation (The)(SCHW) closed at 21.32, down -0.27 or -1.25 % today. Based on our analysis, Charles Schwab Corporation (The)(SCHW) is in an downtrend.

The closing price of Charles Schwab Corporation (The)(SCHW) is below its 50 day moving average of 23.57 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Charles Schwab Corporation (The)(SCHW) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 3-Jan-2008, about 19 trading days ago.