Kraft Foods Inc.(KFT) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Kraft Foods Inc.(KFT) closed at 32.13, down -0.35 or -1.08 % today. Based on our analysis, Kraft Foods Inc.(KFT) is in an uptrend but could lose its momentum.

The closing price of Kraft Foods Inc.(KFT) is above its 50 day moving average of 31.54 (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 Kraft Foods Inc.(KFT) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line today, let us see if it stays below.