UCBH Holdings Inc.(UCBH) is in an downtrend but momentum is showing some life

(25-Apr-2008) (25-Apr-2008) UCBH Holdings Inc.(UCBH) closed at 6.8, down -0.33 or -4.63 % today. Based on our analysis, UCBH Holdings Inc.(UCBH) is in an downtrend but momentum is showing some life.

The closing price of UCBH Holdings Inc.(UCBH) is below its 50 day moving average of 9.09 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that UCBH Holdings Inc.(UCBH) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 24-Mar-2008, about 26 trading days ago.