El Paso Corporation(EP) has rising momentum with an uptrend

(31-Mar-2008) (31-Mar-2008) El Paso Corporation(EP) closed at 16.53, up 0.39 or 2.42 % for the day. Based on our analysis, El Paso Corporation(EP) has rising momentum with an uptrend.

The closing price of El Paso Corporation(EP) is above its 50 day moving average of 16.35 (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 El Paso Corporation(EP) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line today, let us see if it sustains.