YRC Worldwide, Inc.(YRCW) is in an downtrend but momentum is showing some life

(28-Jan-2008) (28-Jan-2008) YRC Worldwide, Inc.(YRCW) closed at 16.08, down -2.78 or -14.74 % today. Based on our analysis, YRC Worldwide, Inc.(YRCW) is in an downtrend but momentum is showing some life.

The closing price of YRC Worldwide, Inc.(YRCW) is below its 50 day moving average of 16.89 (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 YRC Worldwide, Inc.(YRCW) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 15-Jan-2008, about 10 trading days ago.