Abbott Laboratories(ABT) is in an downtrend

(28-Apr-2008) (28-Apr-2008) Abbott Laboratories(ABT) closed at 51.61, up 0.33 or 0.64 % for the day. Based on our analysis, Abbott Laboratories(ABT) is in an downtrend.

The closing price of Abbott Laboratories(ABT) is below its 50 day moving average of 53.23 (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 Abbott Laboratories(ABT) 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 11-Apr-2008, about 13 trading days ago.