Ultra QQQ ProShares(QLD) has rising momentum with an uptrend

(25-Apr-2008) (25-Apr-2008) Ultra QQQ ProShares(QLD) closed at 80.8, up 0.08 or 0.1 % for the day. Based on our analysis, Ultra QQQ ProShares(QLD) has rising momentum with an uptrend.

The closing price of Ultra QQQ ProShares(QLD) is above its 50 day moving average of 71.93 (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 Ultra QQQ ProShares(QLD) 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 8 trading days ago.