DIAMONDS Trust Series I(DIA) is in an downtrend but momentum is showing some life

(1-Apr-2008) (1-Apr-2008) DIAMONDS Trust Series I(DIA) closed at 122.4, up 0.17 or 0.14 % for the day. Based on our analysis, DIAMONDS Trust Series I(DIA) is in an downtrend but momentum is showing some life.

The closing price of DIAMONDS Trust Series I(DIA) is below its 50 day moving average of 123.07 (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 DIAMONDS Trust Series I(DIA) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 18-Mar-2008, about 10 trading days ago.