Charles Schwab Corporation (The)(SCHW) is in an downtrend but momentum is showing some life

(28-Feb-2008) (28-Feb-2008) Charles Schwab Corporation (The)(SCHW) closed at 20.69, up 0.17 or 0.83 % for the day. Based on our analysis, Charles Schwab Corporation (The)(SCHW) is in an downtrend but momentum is showing some life.

The closing price of Charles Schwab Corporation (The)(SCHW) is below its 50 day moving average of 22.27 (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 Charles Schwab Corporation (The)(SCHW) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 22-Feb-2008, about 5 trading days ago.