Maguire Properties Inc(MPG) is in an downtrend

(28-Mar-2008) (28-Mar-2008) Maguire Properties Inc(MPG) closed at 17.07, down -1.13 or -6.21 % today. Based on our analysis, Maguire Properties Inc(MPG) is in an downtrend.

The closing price of Maguire Properties Inc(MPG) is below its 50 day moving average of 23.02 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Maguire Properties Inc(MPG) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 6-Mar-2008, about 16 trading days ago.