Clear Channel Communications, Inc.(CCU) is in an downtrend

(28-Jan-2008) (28-Jan-2008) Clear Channel Communications, Inc.(CCU) closed at 31.42, down -2.38 or -7.04 % today. Based on our analysis, Clear Channel Communications, Inc.(CCU) is in an downtrend.

The closing price of Clear Channel Communications, Inc.(CCU) is below its 50 day moving average of 34.45 (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 Clear Channel Communications, Inc.(CCU) 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 18-Jan-2008, about 7 trading days ago.