iShares MSCI Emerging Markets Index(EEM) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) iShares MSCI Emerging Markets Index(EEM) closed at 146.29, down -0.28 or -0.19 % today. Based on our analysis, iShares MSCI Emerging Markets Index(EEM) has rising momentum with an uptrend.

The closing price of iShares MSCI Emerging Markets Index(EEM) is above its 50 day moving average of 139.29 (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 Emerging Markets Index(EEM) 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 26-Mar-2008, about 25 trading days ago.