Target Corp.(TGT) is in an downtrend

(23-May-2008) (23-May-2008) Heckmann Corporation(HEK) closed at 52.82, down -0.54 or -1.01 % today. Based on our analysis, Target Corp.(TGT) is in an downtrend.

The closing price of Heckmann Corporation(HEK) is below its 50 day moving average of 53.11 (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 Heckmann Corporation(HEK) 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 21-May-2008, about 9 trading days ago.