Mutual Trend Analysis Report
Prepared for you on Monday, May 21, 2018.
CLAYMORE SECURITY DEFINED 584 CLAYMORE/GUGGENHEIM LONG-TERM NATIONAL MUNI TRUST SERIES 1 (NASDAQ:CGLTAX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management stops.
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 CGLTAX
The long term trend has been DOWN since Apr 2nd, 2015 at 874.039978
The intermediate term trend has been DOWN since Dec 20th, 2017 at 452.489990
The short term trend has been UP since Mar 28th, 2018 at 382.369995
Smart Scan Analysis for CGLTAX
Based on a pre-defined weighted trend formula for chart analysis, CGLTAX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||563.8||52wk High Date||2017-05-31|
|52wk Low||379.579987||52wk Low Date||2018-04-25|
|Year End Close||453.600006||Yield||4.65|