Continental Airlines, Inc.(CAL) is in an downtrend

(23-May-2008) (23-May-2008) Continental Airlines, Inc.(CAL) closed at 14.45, up 0.9 or 6.64 % for the day. Based on our analysis, Continental Airlines, Inc.(CAL) is in an downtrend.

The closing price of Continental Airlines, Inc.(CAL) is below its 50 day moving average of 18.54 (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 Continental Airlines, Inc.(CAL) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 21-May-2008, about 7 trading days ago.