iShares MSCI Japan Index(EWJ) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) iShares MSCI Japan Index(EWJ) closed at 13.72, up 0.16 or 1.18 % for the day. Based on our analysis, iShares MSCI Japan Index(EWJ) has rising momentum with an uptrend.

The closing price of iShares MSCI Japan Index(EWJ) is above its 50 day moving average of 13.07 (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 iShares MSCI Japan Index(EWJ) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line today, let us see if it sustains.