iShares MSCI Emerging Index Fund(EEM) is in an downtrend but momentum is showing some life

(28-Mar-2008) (28-Mar-2008) iShares MSCI Emerging Index Fund(EEM) closed at 133.83, down -0.65 or -0.48 % today. Based on our analysis, iShares MSCI Emerging Index Fund(EEM) is in an downtrend but momentum is showing some life.

The closing price of iShares MSCI Emerging Index Fund(EEM) is below its 50 day moving average of 136.32 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that iShares MSCI Emerging Index Fund(EEM) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 26-Mar-2008, about 3 trading days ago.