Ultra Financials ProShares(UYG) has rising momentum with an uptrend

(30-Apr-2008) (30-Apr-2008) Ultra Financials ProShares(UYG) closed at 33.13, down -0.66 or -1.95 % today. Based on our analysis, Ultra Financials ProShares(UYG) has rising momentum with an uptrend.

The closing price of Ultra Financials ProShares(UYG) is above its 50 day moving average of 31.74 (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 Financials ProShares(UYG) 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 10 trading days ago.