Industrial Select Sector SPDR(XLI) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) Industrial Select Sector SPDR(XLI) closed at 38.59, up 0.22 or 0.57 % for the day. Based on our analysis, Industrial Select Sector SPDR(XLI) has rising momentum with an uptrend.

The closing price of Industrial Select Sector SPDR(XLI) is above its 50 day moving average of 37.18 (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 Industrial Select Sector SPDR(XLI) 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 4 trading days ago.