Mutual Trend Analysis Report
Prepared for you on Wednesday, January 17, 2018.
MFS EMERGING MARKETS DEBT LOCAL CURRENCY CL A (NASDAQ:EMLAX)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 Jan 2nd, 2018 at 7.23
The intermediate term trend has been UP since Nov 22nd, 2017 at 7.04
The short term trend has been UP since Jan 11th, 2018 at 7.30
Smart Scan Analysis for EMLAX
Based on a pre-defined weighted trend formula for chart analysis, EMLAX scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||7.41||52wk High Date||2017-09-07|
|52wk Low||6.61||52wk Low Date||2017-01-19|
|Year End Close||7.2|