US Bancorp(USB) has rising momentum with an uptrend

(29-Apr-2008) (29-Apr-2008) US Bancorp(USB) closed at 34.27, down -0.38 or -1.1 % today. Based on our analysis, US Bancorp(USB) has rising momentum with an uptrend.

The closing price of US Bancorp(USB) is above its 50 day moving average of 32.97 (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 US Bancorp(USB) 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 18-Apr-2008, about 9 trading days ago.