Index Trend Analysis Report
Prepared for you on Wednesday, February 21, 2018.
NASDAQ US BUYBACK ACHIEVERS SELECT INDEX (NASDAQ:DRBS)
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 DRBS
The long term trend has been UP since Sep 27th, 2017 at 1262.64
The intermediate term trend has been DOWN since Feb 2nd, 2018 at 1373.05
The short term trend has been UP since Feb 14th, 2018 at 1330.91
Smart Scan Analysis for DRBS
Based on a pre-defined weighted trend formula for chart analysis, DRBS scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1440.33||52wk High Date||2018-01-24|
|52wk Low||1189.83||52wk Low Date||2017-08-21|