Talisman Energy Inc.(TLM) is in an uptrend but could lose its momentum

(25-Apr-2008) (25-Apr-2008) Talisman Energy Inc.(TLM) closed at 19.84, down -0.31 or -1.54 % today. Based on our analysis, Talisman Energy Inc.(TLM) is in an uptrend but could lose its momentum.

The closing price of Talisman Energy Inc.(TLM) is above its 50 day moving average of 18.1 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Talisman Energy Inc.(TLM) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line today, let us see if it stays below.