Oil Services HOLDRs(OIH) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Oil Services HOLDRs(OIH) closed at 210.55, down -0.85 or -0.4 % today. Based on our analysis, Oil Services HOLDRs(OIH) is in an uptrend but could lose its momentum.

The closing price of Oil Services HOLDRs(OIH) is above its 50 day moving average of 198.07 (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 Oil Services HOLDRs(OIH) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 23-May-2008, about 7 trading days ago.