Schering-Plough Corp(SGP) is in an downtrend

(31-Jan-2008) (31-Jan-2008) Schering-Plough Corp(SGP) closed at 19.53, up 0.17 or 0.88 % for the day. Based on our analysis, Schering-Plough Corp(SGP) is in an downtrend.

The closing price of Schering-Plough Corp(SGP) is below its 50 day moving average of 26.29 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Schering-Plough Corp(SGP) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 15-Jan-2008, about 13 trading days ago.