Select Sector SPDR Fund - Basic Industries(XLB) is in an uptrend but could lose its momentum

(31-Mar-2008) (31-Mar-2008) Select Sector SPDR Fund - Basic Industries(XLB) closed at 40.22, down -0.34 or -0.84 % today. Based on our analysis, Select Sector SPDR Fund - Basic Industries(XLB) is in an uptrend but could lose its momentum.

The closing price of Select Sector SPDR Fund - Basic Industries(XLB) is above its 50 day moving average of 40.09 (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 Select Sector SPDR Fund - Basic Industries(XLB) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 4-Mar-2008, about 19 trading days ago.