Yamana Gold, Inc.(AUY) is in an downtrend

(28-Mar-2008) (28-Mar-2008) Yamana Gold, Inc.(AUY) closed at 15.37, down -0.96 or -5.88 % today. Based on our analysis, Yamana Gold, Inc.(AUY) is in an downtrend.

The closing price of Yamana Gold, Inc.(AUY) is below its 50 day moving average of 16.64 (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 Yamana Gold, Inc.(AUY) 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.