Broadcom Corp.(BRCM) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Broadcom Corp.(BRCM) closed at 27.13, up 0.41 or 1.53 % for the day. Based on our analysis, Broadcom Corp.(BRCM) is in an uptrend but could lose its momentum.

The closing price of Broadcom Corp.(BRCM) is above its 50 day moving average of 23.7 (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 Broadcom Corp.(BRCM) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 7-May-2008, about 17 trading days ago.