ProShares Trust(SDS) is in an downtrend

(28-Mar-2008) (28-Mar-2008) ProShares Trust(SDS) closed at 63.41, up 0.55 or 0.87 % for the day. Based on our analysis, ProShares Trust(SDS) is in an downtrend.

The closing price of ProShares Trust(SDS) is below its 50 day moving average of 63.85 (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 ProShares Trust(SDS) 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 18-Mar-2008, about 8 trading days ago.