iShares MSCI EAFE Index Fund(EFA) is in an downtrend

(29-Jan-2008) (29-Jan-2008) iShares MSCI EAFE Index Fund(EFA) closed at 71.91, up 0.43 or 0.6 % for the day. Based on our analysis, iShares MSCI EAFE Index Fund(EFA) is in an downtrend.

The closing price of iShares MSCI EAFE Index Fund(EFA) is below its 50 day moving average of 77.22 (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 iShares MSCI EAFE Index Fund(EFA) 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 4-Jan-2008, about 18 trading days ago.