Index Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
NASDAQ US BUYBACK ACHIEVERS SELECT INDEX (NASDAQ:DRBS)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 DRBS
The long term trend has been UP since Jun 6th, 2018 at 1380.43
The intermediate term trend has been UP since May 14th, 2018 at 1332.11
The short term trend has been DOWN since Jun 14th, 2018 at 1388.96
Smart Scan Analysis for DRBS
Based on a pre-defined weighted trend formula for chart analysis, DRBS scored +85 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|