Sonus Networks, Inc.(SONS) is in an downtrend but momentum is showing some life

(29-Feb-2008) (29-Feb-2008) Sonus Networks, Inc.(SONS) closed at 3.86, down -0.1 or -2.53 % today. Based on our analysis, Sonus Networks, Inc.(SONS) is in an downtrend but momentum is showing some life.

The closing price of Sonus Networks, Inc.(SONS) is below its 50 day moving average of 4.47 (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 Sonus Networks, Inc.(SONS) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 28-Jan-2008, about 24 trading days ago.