Index Trend Analysis Report
Prepared for you on Friday, November 24, 2017.
NASDAQ US BUYBACK ACHIEVERS SELECT INDEX (NASDAQ:DRBS)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DRBS
The long term trend has been UP since Sep 27th, 2017 at 1262.64
The intermediate term trend has been UP since Nov 20th, 2017 at 1285.16
The short term trend has been DOWN since Nov 24th, 2017 at 1282.76
Smart Scan Analysis for DRBS
Based on a pre-defined weighted trend formula for chart analysis, DRBS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1293.67||52wk High Date||2017-11-21|
|52wk Low||1189.83||52wk Low Date||2017-08-21|