Banco Bradesco S.A.(BBD) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) Banco Bradesco S.A.(BBD) closed at 21.85, down -0.29 or -1.31 % today. Based on our analysis, Banco Bradesco S.A.(BBD) has rising momentum with an uptrend.

The closing price of Banco Bradesco S.A.(BBD) is above its 50 day moving average of 20.23 (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 Banco Bradesco S.A.(BBD) 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 4-Apr-2008, about 18 trading days ago.