iShares MSCI Taiwan Index Fund(EWT) has rising momentum with an uptrend

(29-Feb-2008) (29-Feb-2008) iShares MSCI Taiwan Index Fund(EWT) closed at 15.68, down -0.18 or -1.13 % today. Based on our analysis, iShares MSCI Taiwan Index Fund(EWT) has rising momentum with an uptrend.

The closing price of iShares MSCI Taiwan Index Fund(EWT) is above its 50 day moving average of 14.31 (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 Taiwan Index Fund(EWT) 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 1-Feb-2008, about 20 trading days ago.