iShares MSCI Emerging Markets Index(EEM) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) iShares MSCI Emerging Markets Index(EEM) closed at 149.5, down -1.8 or -1.19 % today. Based on our analysis, iShares MSCI Emerging Markets Index(EEM) is in an uptrend but could lose its momentum.

The closing price of iShares MSCI Emerging Markets Index(EEM) is above its 50 day moving average of 145.2 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that iShares MSCI Emerging Markets Index(EEM) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 22-May-2008, about 8 trading days ago.