Lehman Brothers Fin SA(LEH) is in an downtrend but momentum is showing some life

(28-Feb-2008) (28-Feb-2008) Lehman Brothers Fin SA(LEH) closed at 57.46, up 0.62 or 1.09 % for the day. Based on our analysis, Lehman Brothers Fin SA(LEH) is in an downtrend but momentum is showing some life.

The closing price of Lehman Brothers Fin SA(LEH) is below its 50 day moving average of 59.23 (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 Lehman Brothers Fin SA(LEH) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line today, let us see if it sustains.