Applied Materials Inc.(AMAT) is in an downtrend

(28-Apr-2008) (28-Apr-2008) Applied Materials Inc.(AMAT) closed at 18.99, down -0.11 or -0.58 % today. Based on our analysis, Applied Materials Inc.(AMAT) is in an downtrend.

The closing price of Applied Materials Inc.(AMAT) is below its 50 day moving average of 19.86 (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 Applied Materials Inc.(AMAT) 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 24-Mar-2008, about 27 trading days ago.