Mutual Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
FIRST TRUST COMBINED SERIES 305 TAX-EXEMPT MUNI INCOME TRUST SERIES 253 (NASDAQ:FCDFGX)
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 FCDFGX
The long term trend has been DOWN since Jul 5th, 2017 at 829.539978
The intermediate term trend has been DOWN since Jun 20th, 2017 at 831.840027
The short term trend has been UP since Aug 9th, 2017 at 813.020020
Smart Scan Analysis for FCDFGX
Based on a pre-defined weighted trend formula for chart analysis, FCDFGX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||980.58||52wk High Date||2016-08-18|
|52wk Low||811.18||52wk Low Date||2017-07-11|
|Year End Close||829.080017||Payment Date||2017-08-25|