Taiwan Semiconductor Manufacturing Company Limited(TSM) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) Taiwan Semiconductor Manufacturing Company Limited(TSM) closed at 10.24, up 0.11 or 1.09 % for the day. Based on our analysis, Taiwan Semiconductor Manufacturing Company Limited(TSM) has rising momentum with an uptrend.

The closing price of Taiwan Semiconductor Manufacturing Company Limited(TSM) is above its 50 day moving average of 9.32 (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 Taiwan Semiconductor Manufacturing Company Limited(TSM) 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 28-Jan-2008, about 23 trading days ago.