Wyeth(WYE) is in an downtrend but momentum is showing some life

(29-Feb-2008) (29-Feb-2008) Wyeth(WYE) closed at 42.54, down -0.42 or -0.98 % today. Based on our analysis, Wyeth(WYE) is in an downtrend but momentum is showing some life.

The closing price of Wyeth(WYE) is below its 50 day moving average of 43.3 (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 Wyeth(WYE) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 13-Feb-2008, about 12 trading days ago.