Smith International, Inc.(SII) is in an downtrend

(29-Jan-2008) (29-Jan-2008) Smith International, Inc.(SII) closed at 56.86, down -5.18 or -8.35 % today. Based on our analysis, Smith International, Inc.(SII) is in an downtrend.

The closing price of Smith International, Inc.(SII) is below its 50 day moving average of 66.45 (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 Smith International, Inc.(SII) 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 7-Jan-2008, about 17 trading days ago.