MSI continues its uptrend
In early May MSI – Motorola Solutions Inc. – broke out of the blue box that marked a consolidation stage. Since then, MSI is moving in a bullish channel between its 10-day exponential moving average and the upper Bollinger Band.
The rising and diverging 10- and 20-day exponential moving averages of the stock are a sign of a strong bullish trend.
Last sessions’ momentum weakening, though, affected MACD, which is currently moving just below its signal line.
Finally, since MSI’s Relative Strength broke above its 20-day exponential moving average in early May, it keeps moving up and well above its rising 20-day exponential moving average.