Walt Disney Company (The)(DIS) is in an downtrend

(28-Jan-2008) (28-Jan-2008) Walt Disney Company (The)(DIS) closed at 29.37, up 0.69 or 2.41 % for the day. Based on our analysis, Walt Disney Company (The)(DIS) is in an downtrend.

The closing price of Walt Disney Company (The)(DIS) is below its 50 day moving average of 31.43 (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 Walt Disney Company (The)(DIS) 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 31-Dec-2007, about 20 trading days ago.