First Horizon National Corp.(FHN) is in an downtrend

(28-Apr-2008) (28-Apr-2008) First Horizon National Corp.(FHN) closed at 10.99, up 0.24 or 2.23 % for the day. Based on our analysis, First Horizon National Corp.(FHN) is in an downtrend.

The closing price of First Horizon National Corp.(FHN) is below its 50 day moving average of 15.39 (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 First Horizon National Corp.(FHN) 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 28-Mar-2008, about 23 trading days ago.