Pacific Sunwear of California Inc.(PSUN) is in an downtrend

(23-May-2008) (23-May-2008) Pacific Sunwear of California Inc.(PSUN) closed at 9.01, down -0.49 or -5.16 % today. Based on our analysis, Pacific Sunwear of California Inc.(PSUN) is in an downtrend.

The closing price of Pacific Sunwear of California Inc.(PSUN) is below its 50 day moving average of 12.1 (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 Pacific Sunwear of California Inc.(PSUN) 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 5-May-2008, about 21 trading days ago.