Mutual Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
FIRST TRUST 3805 CORPORATE HIGH INCOME PORTF SERIES 6 (NASDAQ:FBZKJX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 FBZKJX
The long term trend has been DOWN since Nov 9th, 2016 at 886.919983
The intermediate term trend has been DOWN since Apr 6th, 2017 at 785.809998
The short term trend has been UP since Jul 11th, 2017 at 700.830017
Smart Scan Analysis for FBZKJX
Based on a pre-defined weighted trend formula for chart analysis, FBZKJX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||896.83||52wk High Date||2016-10-24|
|52wk Low||700.7||52wk Low Date||2017-07-10|
|Year End Close||809.98999||Yield||5.52|