UltraShort Financials ProShares(SKF) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) UltraShort Financials ProShares(SKF) closed at 110.96, down -1.99 or -1.76 % today. Based on our analysis, UltraShort Financials ProShares(SKF) has rising momentum with an uptrend.

The closing price of UltraShort Financials ProShares(SKF) is above its 50 day moving average of 106.15 (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 UltraShort Financials ProShares(SKF) 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 8-May-2008, about 14 trading days ago.