Thursday, February 28, 2008

Man Financial Global(MF) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) Man Financial Global(MF) closed at 29.28, up 0.89 or 3.13 % for the day. Based on our analysis, Man Financial Global(MF) has rising momentum with an uptrend.

The closing price of Man Financial Global(MF) is above its 50 day moving average of 29.28 (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 Man Financial Global(MF) 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 21-Feb-2008, about 6 trading days ago.

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