El Paso Corp.(EP) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) El Paso Corp.(EP) closed at 19.49, down -0.28 or -1.42 % today. Based on our analysis, El Paso Corp.(EP) is in an uptrend but could lose its momentum.

The closing price of El Paso Corp.(EP) is above its 50 day moving average of 17.99 (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 El Paso Corp.(EP) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 27-May-2008, about 4 trading days ago.