iShares MSCI Brazil Index Fund(EWZ) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) iShares MSCI Brazil Index Fund(EWZ) closed at 88.23, up 1.71 or 1.98 % for the day. Based on our analysis, iShares MSCI Brazil Index Fund(EWZ) has rising momentum with an uptrend.

The closing price of iShares MSCI Brazil Index Fund(EWZ) is above its 50 day moving average of 78.23 (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 iShares MSCI Brazil Index Fund(EWZ) 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 30-Jan-2008, about 21 trading days ago.