MBIA, Inc.(MBI) is in an downtrend but momentum is showing some life

(28-Jan-2008) (28-Jan-2008) MBIA, Inc.(MBI) closed at 14.85, up 0.65 or 4.58 % for the day. Based on our analysis, MBIA, Inc.(MBI) is in an downtrend but momentum is showing some life.

The closing price of MBIA, Inc.(MBI) is below its 50 day moving average of 24.11 (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 MBIA, Inc.(MBI) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 23-Jan-2008, about 5 trading days ago.