CSK Auto Corporation(CAO) is in an uptrend but could lose its momentum

(1-Apr-2008) (1-Apr-2008) CSK Auto Corporation(CAO) closed at 9.31, down -0.22 or -2.31 % today. Based on our analysis, CSK Auto Corporation(CAO) is in an uptrend but could lose its momentum.

The closing price of CSK Auto Corporation(CAO) is above its 50 day moving average of 8.59 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that CSK Auto Corporation(CAO) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 22-Feb-2008, about 27 trading days ago.