Advanced Micro Devices Inc.(AMD) is in an downtrend but momentum is showing some life

(29-Apr-2008) (29-Apr-2008) Advanced Micro Devices Inc.(AMD) closed at 6.02, up 0.02 or 0.33 % for the day. Based on our analysis, Advanced Micro Devices Inc.(AMD) is in an downtrend but momentum is showing some life.

The closing price of Advanced Micro Devices Inc.(AMD) is below its 50 day moving average of 6.35 (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 Advanced Micro Devices Inc.(AMD) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 16-Apr-2008, about 11 trading days ago.