Continental Airlines, Inc.(CAL) is in an downtrend but momentum is showing some life

(23-May-2008) (23-May-2008) Continental Airlines, Inc.(CAL) closed at 14.5, down -0.02 or -0.14 % today. Based on our analysis, Continental Airlines, Inc.(CAL) is in an downtrend but momentum is showing some life.

The closing price of Continental Airlines, Inc.(CAL) is below its 50 day moving average of 18.02 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Continental Airlines, Inc.(CAL) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line today, let us see if it sustains.