MEMC Electronic Materials, Inc.(WFR) has rising momentum with an uptrend

(27-Mar-2008) (27-Mar-2008) MEMC Electronic Materials, Inc.(WFR) closed at 81.03, down -1.41 or -1.71 % today. Based on our analysis, MEMC Electronic Materials, Inc.(WFR) has rising momentum with an uptrend.

The closing price of MEMC Electronic Materials, Inc.(WFR) is above its 50 day moving average of 76.24 (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 MEMC Electronic Materials, Inc.(WFR) 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 13-Mar-2008, about 10 trading days ago.