UBS AG(UBS) is in an downtrend but momentum is showing some life

(28-Mar-2008) (28-Mar-2008) UBS AG(UBS) closed at 29.13, down -0.03 or -0.1 % today. Based on our analysis, UBS AG(UBS) is in an downtrend but momentum is showing some life.

The closing price of UBS AG(UBS) is below its 50 day moving average of 34.86 (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 UBS AG(UBS) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 20-Mar-2008, about 6 trading days ago.