Semiconductor HOLDRs(SMH) is in an uptrend but could lose its momentum

(23-May-2008) (23-May-2008) Semiconductor HOLDRs(SMH) closed at 32.55, down -0.1 or -0.31 % today. Based on our analysis, Semiconductor HOLDRs(SMH) is in an uptrend but could lose its momentum.

The closing price of Semiconductor HOLDRs(SMH) is above its 50 day moving average of 31.01 (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 Semiconductor HOLDRs(SMH) 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.