Solarfun Power Holdings Co. Ltd.(SOLF) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) Solarfun Power Holdings Co. Ltd.(SOLF) closed at 21.88, down -0.63 or -2.8 % today. Based on our analysis, Solarfun Power Holdings Co. Ltd.(SOLF) has rising momentum with an uptrend.

The closing price of Solarfun Power Holdings Co. Ltd.(SOLF) is above its 50 day moving average of 15.44 (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 Solarfun Power Holdings Co. Ltd.(SOLF) 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 9-May-2008, about 14 trading days ago.