RadioShack Corp.(RSH) is in an downtrend

(29-Apr-2008) (29-Apr-2008) RadioShack Corp.(RSH) closed at 14.87, down -0.26 or -1.72 % today. Based on our analysis, RadioShack Corp.(RSH) is in an downtrend.

The closing price of RadioShack Corp.(RSH) is below its 50 day moving average of 16.26 (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 RadioShack Corp.(RSH) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line today, let us see if it stays below.