Streettracks Gold Trust(GLD) has rising momentum with an uptrend

(28-Jan-2008) (28-Jan-2008) Streettracks Gold Trust(GLD) closed at 91.75, up 1.45 or 1.61 % for the day. Based on our analysis, Streettracks Gold Trust(GLD) has rising momentum with an uptrend.

The closing price of Streettracks Gold Trust(GLD) is above its 50 day moving average of 82.43 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Streettracks Gold Trust(GLD) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 24-Jan-2008, about 4 trading days ago.