Mutual Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
FIRST TRUST 539: INCOME & TREASURY PORTF SERIES 2 (NASDAQ:FINTRX)
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 FINTRX
The long term trend has been DOWN since Oct 12th, 2017 at 13.2554
The intermediate term trend has been DOWN since Sep 7th, 2018 at 12.7273
The short term trend has been UP since Sep 10th, 2018 at 12.7003
Smart Scan Analysis for FINTRX
Based on a pre-defined weighted trend formula for chart analysis, FINTRX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||13.39||52wk High Date||2017-09-25|
|52wk Low||12.64||52wk Low Date||2018-05-15|
|Year End Close||13.0979||Payment Date||2018-09-30|