Lowe s Companies Inc.(LOW) is in an downtrend

(23-May-2008) (23-May-2008) Lowe s Companies Inc.(LOW) closed at 23.51, up 0.21 or 0.9 % for the day. Based on our analysis, Lowe s Companies Inc.(LOW) is in an downtrend.

The closing price of Lowe s Companies Inc.(LOW) is below its 50 day moving average of 24.22 (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 Lowe s Companies Inc.(LOW) 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 7-May-2008, about 15 trading days ago.