Select Sector SPDR Fund - Basic Industries(XLB) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) Select Sector SPDR Fund - Basic Industries(XLB) closed at 42.46, down -0.01 or -0.02 % today. Based on our analysis, Select Sector SPDR Fund - Basic Industries(XLB) has rising momentum with an uptrend.

The closing price of Select Sector SPDR Fund - Basic Industries(XLB) is above its 50 day moving average of 40.37 (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 Select Sector SPDR Fund - Basic Industries(XLB) 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 29-Jan-2008, about 22 trading days ago.