Materials Select Sector SPDR(XLB) is in an uptrend but could lose its momentum

(29-Apr-2008) (29-Apr-2008) Materials Select Sector SPDR(XLB) closed at 42.21, down -1.44 or -3.3 % today. Based on our analysis, Materials Select Sector SPDR(XLB) is in an uptrend but could lose its momentum.

The closing price of Materials Select Sector SPDR(XLB) is above its 50 day moving average of 41.71 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Materials Select Sector SPDR(XLB) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 24-Apr-2008, about 5 trading days ago.