Tessera Technologies, Inc.(TSRA) is in an downtrend but momentum is showing some life

(28-Mar-2008) (28-Mar-2008) Tessera Technologies, Inc.(TSRA) closed at 16.49, down -0.4 or -2.37 % today. Based on our analysis, Tessera Technologies, Inc.(TSRA) is in an downtrend but momentum is showing some life.

The closing price of Tessera Technologies, Inc.(TSRA) is below its 50 day moving average of 29.47 (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 Tessera Technologies, Inc.(TSRA) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 18-Mar-2008, about 8 trading days ago.