Mutual Trend Analysis Report
Prepared for you on Thursday, July 19, 2018.
THE FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 98 (NASDAQ:FGTMYX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 FGTMYX
The long term trend has been DOWN since Jul 10th, 2015 at 6.2818
The intermediate term trend has been DOWN since Jun 28th, 2018 at 4.1473
The short term trend has been DOWN since Jun 28th, 2018 at 4.1714
Smart Scan Analysis for FGTMYX
Based on a pre-defined weighted trend formula for chart analysis, FGTMYX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4.86||52wk High Date||2017-07-19|
|52wk Low||4.1||52wk Low Date||2018-07-16|
|Year End Close||4.4577||Yield||5.73|