iShares MSCI Emerging Index Fund(EEM) is in an downtrend

(25-Jan-2008) (25-Jan-2008) iShares MSCI Emerging Index Fund(EEM) closed at 133.36, down -2.06 or -1.52 % today. Based on our analysis, iShares MSCI Emerging Index Fund(EEM) is in an downtrend.

The closing price of iShares MSCI Emerging Index Fund(EEM) is below its 50 day moving average of 147.55 (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 Emerging Index Fund(EEM) 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 18 trading days ago.