ProShares Trust(SKF) is in an uptrend but could lose its momentum

(28-Mar-2008) (28-Mar-2008) ProShares Trust(SKF) closed at 114.98, up 4 or 3.6 % for the day. Based on our analysis, ProShares Trust(SKF) is in an uptrend but could lose its momentum.

The closing price of ProShares Trust(SKF) is above its 50 day moving average of 113.82 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that ProShares Trust(SKF) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 18-Mar-2008, about 8 trading days ago.