Duke Energy Corporation(DUK) is in an downtrend but momentum is showing some life

(29-Feb-2008) (29-Feb-2008) Duke Energy Corporation(DUK) closed at 17.93, down -0.32 or -1.75 % today. Based on our analysis, Duke Energy Corporation(DUK) is in an downtrend but momentum is showing some life.

The closing price of Duke Energy Corporation(DUK) is below its 50 day moving average of 19.21 (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 Duke Energy Corporation(DUK) 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 6 trading days ago.