MEMC Electronic Materials Inc.(WFR) is in an downtrend

(28-Apr-2008) (28-Apr-2008) MEMC Electronic Materials Inc.(WFR) closed at 68.37, down -2.13 or -3.02 % today. Based on our analysis, MEMC Electronic Materials Inc.(WFR) is in an downtrend.

The closing price of MEMC Electronic Materials Inc.(WFR) is below its 50 day moving average of 76.79 (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 MEMC Electronic Materials Inc.(WFR) 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 25-Apr-2008, about 3 trading days ago.