ChevronTexaco Corporation(CVX) has rising momentum with an uptrend

(29-Feb-2008) (29-Feb-2008) ChevronTexaco Corporation(CVX) closed at 89.02, up 0.8 or 0.91 % for the day. Based on our analysis, ChevronTexaco Corporation(CVX) has rising momentum with an uptrend.

The closing price of ChevronTexaco Corporation(CVX) is above its 50 day moving average of 86.89 (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 ChevronTexaco Corporation(CVX) 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 12-Feb-2008, about 13 trading days ago.