GFI Group Inc.(GFIG) is in an downtrend

(29-Apr-2008) (29-Apr-2008) GFI Group Inc.(GFIG) closed at 11.45, down -1.3 or -10.2 % today. Based on our analysis, GFI Group Inc.(GFIG) is in an downtrend.

The closing price of GFI Group Inc.(GFIG) is below its 50 day moving average of 16.23 (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 GFI Group Inc.(GFIG) 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 18-Apr-2008, about 9 trading days ago.