Freddie Mac(FRE) has rising momentum with an uptrend

(25-Apr-2008) (25-Apr-2008) Freddie Mac(FRE) closed at 27.94, up 1.92 or 7.38 % for the day. Based on our analysis, Freddie Mac(FRE) has rising momentum with an uptrend.

The closing price of Freddie Mac(FRE) is above its 50 day moving average of 25.41 (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 Freddie Mac(FRE) 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 24-Apr-2008, about 3 trading days ago.