Nokia Corporation(NOK) has rising momentum with an uptrend

(29-Feb-2008) (29-Feb-2008) Nokia Corporation(NOK) closed at 37.9, down -0.35 or -0.92 % today. Based on our analysis, Nokia Corporation(NOK) has rising momentum with an uptrend.

The closing price of Nokia Corporation(NOK) is above its 50 day moving average of 36.06 (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 Nokia Corporation(NOK) 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 26 trading days ago.