Delta Air Lines Inc.(DAL) is in an downtrend but momentum is showing some life

(23-May-2008) (23-May-2008) Delta Air Lines Inc.(DAL) closed at $6.1, unchanged for the day. Based on our analysis, Delta Air Lines Inc.(DAL) is in an downtrend but momentum is showing some life.

The closing price of Delta Air Lines Inc.(DAL) is below its 50 day moving average of 7.8 (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 Delta Air Lines Inc.(DAL) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 3-Jun-2008, about 3 trading days ago.