Sun Microsystems, Inc.(JAVA) is in an downtrend but momentum is showing some life

(27-Mar-2008) (27-Mar-2008) Sun Microsystems, Inc.(JAVA) closed at 16.47, up 0.09 or 0.55 % for the day. Based on our analysis, Sun Microsystems, Inc.(JAVA) is in an downtrend but momentum is showing some life.

The closing price of Sun Microsystems, Inc.(JAVA) is below its 50 day moving average of 16.56 (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 Sun Microsystems, Inc.(JAVA) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line today, let us see if it sustains.