Dell Inc.(DELL) is in an downtrend but momentum is showing some life

(28-Mar-2008) (28-Mar-2008) Dell Inc.(DELL) closed at 19.47, down -0.69 or -3.42 % today. Based on our analysis, Dell Inc.(DELL) is in an downtrend but momentum is showing some life.

The closing price of Dell Inc.(DELL) is below its 50 day moving average of 19.98 (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 Dell Inc.(DELL) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 11-Mar-2008, about 13 trading days ago.