Technology Select Sector SPDR(XLK) has rising momentum with an uptrend

(28-Apr-2008) (28-Apr-2008) Technology Select Sector SPDR(XLK) closed at $24, unchanged for the day. Based on our analysis, Technology Select Sector SPDR(XLK) has rising momentum with an uptrend.

The closing price of Technology Select Sector SPDR(XLK) is above its 50 day moving average of 22.82 (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 Technology Select Sector SPDR(XLK) 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 17-Apr-2008, about 9 trading days ago.