Yamana Gold Inc.(AUY) has rising momentum with an uptrend

(23-May-2008) (23-May-2008) Yamana Gold Inc.(AUY) closed at 15.28, up 0.42 or 2.83 % for the day. Based on our analysis, Yamana Gold Inc.(AUY) has rising momentum with an uptrend.

The closing price of Yamana Gold Inc.(AUY) is above its 50 day moving average of 14.55 (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 Yamana Gold Inc.(AUY) 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 5-May-2008, about 20 trading days ago.