ConocoPhillips(COP) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) ConocoPhillips(COP) closed at 93.82, up 4.63 or 5.19 % for the day. Based on our analysis, ConocoPhillips(COP) is in an uptrend but could lose its momentum.

The closing price of ConocoPhillips(COP) is above its 50 day moving average of 85.67 (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 ConocoPhillips(COP) 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 9 trading days ago.