United States Oil(USO) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) United States Oil(USO) closed at 105.92, up 1.66 or 1.59 % for the day. Based on our analysis, United States Oil(USO) has rising momentum with an uptrend.

The closing price of United States Oil(USO) is above its 50 day moving average of 93.17 (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 United States Oil(USO) 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 6-May-2008, about 17 trading days ago.