iShares MSCI EAFE Index Fund(EFA) is in an downtrend but momentum is showing some life

(27-Feb-2008) (27-Feb-2008) iShares MSCI EAFE Index Fund(EFA) closed at 73.91, up 1.08 or 1.48 % for the day. Based on our analysis, iShares MSCI EAFE Index Fund(EFA) is in an downtrend but momentum is showing some life.

The closing price of iShares MSCI EAFE Index Fund(EFA) is below its 50 day moving average of 74.08 (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 iShares MSCI EAFE Index Fund(EFA) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 12-Feb-2008, about 11 trading days ago.