Annaly Capital Management Inc(NLY) is in an downtrend but momentum is showing some life

(28-Mar-2008) (28-Mar-2008) Annaly Capital Management Inc(NLY) closed at 16, down -0.07 or -0.44 % today. Based on our analysis, Annaly Capital Management Inc(NLY) is in an downtrend but momentum is showing some life.

The closing price of Annaly Capital Management Inc(NLY) is below its 50 day moving average of 18.78 (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 Annaly Capital Management Inc(NLY) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 24-Mar-2008, about 5 trading days ago.