Lennar Corporation(LEN) is in an downtrend

(24-Jan-2008) (24-Jan-2008) Lennar Corporation(LEN) closed at 14.94, up 1.79 or 13.61 % for the day. Based on our analysis, Lennar Corporation(LEN) is in an downtrend.

The closing price of Lennar Corporation(LEN) is below its 50 day moving average of 16.58 (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 Lennar Corporation(LEN) 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 14 trading days ago.