SLM Corp.(SLM) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) SLM Corp.(SLM) closed at 22.28, down -0.39 or -1.72 % today. Based on our analysis, SLM Corp.(SLM) is in an uptrend but could lose its momentum.

The closing price of SLM Corp.(SLM) is above its 50 day moving average of 19.42 (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 SLM Corp.(SLM) 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.