MBIA Inc.(MBI) is in an downtrend

(23-May-2008) (23-May-2008) MBIA Inc.(MBI) closed at 5.63, down -1.06 or -15.84 % today. Based on our analysis, MBIA Inc.(MBI) is in an downtrend.

The closing price of MBIA Inc.(MBI) is below its 50 day moving average of 10.56 (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 MBIA Inc.(MBI) 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 9-May-2008, about 19 trading days ago.