Dow Chemical Company (The)(DOW) is in an downtrend but momentum is showing some life

(29-Jan-2008) (29-Jan-2008) Dow Chemical Company (The)(DOW) closed at 37.94, up 0.35 or 0.93 % for the day. Based on our analysis, Dow Chemical Company (The)(DOW) is in an downtrend but momentum is showing some life.

The closing price of Dow Chemical Company (The)(DOW) is below its 50 day moving average of 39.19 (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 Dow Chemical Company (The)(DOW) 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.