Yamana Gold Inc.(AUY) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Yamana Gold Inc.(AUY) closed at 14.51, down -0.38 or -2.55 % today. Based on our analysis, Yamana Gold Inc.(AUY) is in an uptrend but could lose its momentum.

The closing price of Yamana Gold Inc.(AUY) is above its 50 day moving average of 14.47 (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 Yamana Gold Inc.(AUY) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 3-Jun-2008, about 3 trading days ago.