DIAMONDS Trust, Series 1(DIA) is in an downtrend

(23-May-2008) (23-May-2008) DIAMONDS Trust, Series 1(DIA) closed at 125.84, up 0.41 or 0.33 % for the day. Based on our analysis, DIAMONDS Trust, Series 1(DIA) is in an downtrend.

The closing price of DIAMONDS Trust, Series 1(DIA) is below its 50 day moving average of 126.64 (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 DIAMONDS Trust, Series 1(DIA) 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 8-May-2008, about 15 trading days ago.