Circuit City Stores, Inc.(CC) is in an downtrend but momentum is showing some life

(29-Jan-2008) (29-Jan-2008) Circuit City Stores, Inc.(CC) closed at 5.26, up 0.02 or 0.38 % for the day. Based on our analysis, Circuit City Stores, Inc.(CC) is in an downtrend but momentum is showing some life.

The closing price of Circuit City Stores, Inc.(CC) is below its 50 day moving average of 5.45 (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 Circuit City Stores, Inc.(CC) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 14-Jan-2008, about 12 trading days ago.