Mutual Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
COLUMBIA ABSOLUTE RETURN CURRENCY & INCOME FUND CL Y (NASDAQ:CABYX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for CABYX
The long term trend has been DOWN since May 3rd, 2017 at 10.96
The intermediate term trend has been DOWN since Oct 20th, 2017 at 10.21
The short term trend has been UP since Nov 27th, 2017 at 9.96
Smart Scan Analysis for CABYX
Based on a pre-defined weighted trend formula for chart analysis, CABYX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||11.41||52wk High Date||2017-03-07|
|52wk Low||9.88||52wk Low Date||2017-11-30|
|Year End Close||10.71|