Alcoa Inc.(AA) is in an uptrend but could lose its momentum

(28-Mar-2008) (28-Mar-2008) Alcoa Inc.(AA) closed at 35.38, down -0.65 or -1.8 % today. Based on our analysis, Alcoa Inc.(AA) is in an uptrend but could lose its momentum.

The closing price of Alcoa Inc.(AA) is above its 50 day moving average of 34.96 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Alcoa Inc.(AA) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 7-Mar-2008, about 15 trading days ago.