Delta Air Lines Inc.(DAL) is in an downtrend

(28-Apr-2008) (28-Apr-2008) Delta Air Lines Inc.(DAL) closed at 7.19, up 0.18 or 2.57 % for the day. Based on our analysis, Delta Air Lines Inc.(DAL) is in an downtrend.

The closing price of Delta Air Lines Inc.(DAL) is below its 50 day moving average of 10.89 (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 Delta Air Lines Inc.(DAL) 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 22-Apr-2008, about 6 trading days ago.