Mutual Trend Analysis Report
Prepared for you on Tuesday, May 23, 2017.
MFS EMERGING MARKETS DEBT LOCAL CURRENCY CL A (NASDAQ:EMLAX)
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 EMLAX
The long term trend has been UP since Mar 16th, 2017 at 6.87
The intermediate term trend has been UP since May 15th, 2017 at 7.04
The short term trend has been DOWN since May 18th, 2017 at 7.07
Smart Scan Analysis for EMLAX
Based on a pre-defined weighted trend formula for chart analysis, EMLAX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7.17||52wk High Date||2016-08-16|
|52wk Low||6.41||52wk Low Date||2016-12-01|
|Year End Close||6.57|