Mutual Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
FRANKLIN CONNETICUT TAX-FREE INCOME FUND CL C (NASDAQ:FCTIX)
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 FCTIX
The long term trend has been DOWN since Oct 4th, 2016 at 10.88
The intermediate term trend has been DOWN since Jun 28th, 2017 at 10.41
The short term trend has been UP since Aug 18th, 2017 at 10.38
Smart Scan Analysis for FCTIX
Based on a pre-defined weighted trend formula for chart analysis, FCTIX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||10.54||52wk High Date||2017-01-12|
|52wk Low||10.29||52wk Low Date||2017-11-22|
|Year End Close||10.47||Payment Date||2017-10-31|