Select Sector SPDR Fund - Energy Select Sector(XLE) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) Select Sector SPDR Fund - Energy Select Sector(XLE) closed at 77.33, down -1.02 or -1.3 % today. Based on our analysis, Select Sector SPDR Fund - Energy Select Sector(XLE) has rising momentum with an uptrend.

The closing price of Select Sector SPDR Fund - Energy Select Sector(XLE) is above its 50 day moving average of 74.14 (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 - Energy Select Sector(XLE) 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 8-Feb-2008, about 14 trading days ago.