Amazon.com, Inc.(AMZN) is in an downtrend but momentum is showing some life

(28-Feb-2008) (28-Feb-2008) Amazon.com, Inc.(AMZN) closed at 70.87, down -0.82 or -1.14 % today. Based on our analysis, Amazon.com, Inc.(AMZN) is in an downtrend but momentum is showing some life.

The closing price of Amazon.com, Inc.(AMZN) is below its 50 day moving average of 80.62 (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 Amazon.com, Inc.(AMZN) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 11-Feb-2008, about 13 trading days ago.