COMPANHIA VALE DO(RIO-P) is in an downtrend

(29-Jan-2008) (29-Jan-2008) COMPANHIA VALE DO(RIO-P) closed at 24.8, up 0.1 or 0.4 % for the day. Based on our analysis, COMPANHIA VALE DO(RIO-P) is in an downtrend.

The closing price of COMPANHIA VALE DO(RIO-P) is below its 50 day moving average of 27.64 (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 COMPANHIA VALE DO(RIO-P) 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 15-Jan-2008, about 11 trading days ago.