Thornburg Mortgage, Inc.(TMA) is in an downtrend but momentum is showing some life

(28-Mar-2008) (28-Mar-2008) Thornburg Mortgage, Inc.(TMA) closed at 1.48, down -0.04 or -2.63 % today. Based on our analysis, Thornburg Mortgage, Inc.(TMA) is in an downtrend but momentum is showing some life.

The closing price of Thornburg Mortgage, Inc.(TMA) is below its 50 day moving average of 7.8 (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 Thornburg Mortgage, Inc.(TMA) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 25-Mar-2008, about 4 trading days ago.