Mutual Trend Analysis Report
Prepared for you on Thursday, August 16, 2018.
INVESCO CALIFORNIA TAX-FREE INCOME FUND CL A (NASDAQ:CLFAX)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 CLFAX
The long term trend has been DOWN since Nov 22nd, 2017 at 12.01
The intermediate term trend has been UP since May 11th, 2018 at 11.79
The short term trend has been UP since Jun 19th, 2018 at 11.79
Smart Scan Analysis for CLFAX
Based on a pre-defined weighted trend formula for chart analysis, CLFAX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||12.16||52wk High Date||2017-09-08|
|52wk Low||11.69||52wk Low Date||2018-04-25|
|Year End Close||12.04|