iShares MSCI Brazil Index(EWZ) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) iShares MSCI Brazil Index(EWZ) closed at 87.13, down -0.47 or -0.54 % today. Based on our analysis, iShares MSCI Brazil Index(EWZ) has rising momentum with an uptrend.

The closing price of iShares MSCI Brazil Index(EWZ) is above its 50 day moving average of 82.84 (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 iShares MSCI Brazil Index(EWZ) 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 2-Apr-2008, about 20 trading days ago.