Merrill Lynch Semiconductor HOLDRS(SMH) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) Merrill Lynch Semiconductor HOLDRS(SMH) closed at 29.87, up 0.35 or 1.19 % for the day. Based on our analysis, Merrill Lynch Semiconductor HOLDRS(SMH) has rising momentum with an uptrend.

The closing price of Merrill Lynch Semiconductor HOLDRS(SMH) is above its 50 day moving average of 29.67 (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 Merrill Lynch Semiconductor HOLDRS(SMH) 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 25 trading days ago.