DR Horton Inc.(DHI) is in an downtrend

(23-May-2008) (23-May-2008) DR Horton Inc.(DHI) closed at 13.05, up 0.01 or 0.08 % for the day. Based on our analysis, DR Horton Inc.(DHI) is in an downtrend.

The closing price of DR Horton Inc.(DHI) is below its 50 day moving average of 15.67 (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 DR Horton Inc.(DHI) 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 30-Apr-2008, about 20 trading days ago.