DR Horton Inc.(DHI) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) DR Horton Inc.(DHI) closed at 17.15, up 0.12 or 0.7 % for the day. Based on our analysis, DR Horton Inc.(DHI) has rising momentum with an uptrend.

The closing price of DR Horton Inc.(DHI) is above its 50 day moving average of 15.43 (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 DR Horton Inc.(DHI) 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 25-Apr-2008, about 3 trading days ago.