Coeur d Alene Mines Corp.(CDE) is in an downtrend but momentum is showing some life

(23-May-2008) (23-May-2008) Coeur d Alene Mines Corp.(CDE) closed at 3.19, down -0.17 or -5.06 % today. Based on our analysis, Coeur d Alene Mines Corp.(CDE) is in an downtrend but momentum is showing some life.

The closing price of Coeur d Alene Mines Corp.(CDE) is below its 50 day moving average of 3.59 (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 Coeur d Alene Mines Corp.(CDE) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 7-May-2008, about 15 trading days ago.