Flextronics International Ltd.(FLEX) is in an downtrend

(29-Jan-2008) (29-Jan-2008) Flextronics International Ltd.(FLEX) closed at 10.31, up 0.24 or 2.38 % for the day. Based on our analysis, Flextronics International Ltd.(FLEX) is in an downtrend.

The closing price of Flextronics International Ltd.(FLEX) is below its 50 day moving average of 11.41 (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 Flextronics International Ltd.(FLEX) 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 2-Jan-2008, about 20 trading days ago.