Free Daily Analysis
Mutual Trend Analysis Report
Prepared for you on Wednesday, April 24, 2024.
THE FIRST TRUST COMBINED SERIES 508: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FLBDNX)
Long-Term Downtrend (-90) - FLBDNX is in a strong downtrend that is likely to continue. While FLBDNX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid FLBDNX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FLBDNX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FLBDNX
The long-term trend has been DOWN since Apr 2nd, 2024 at 948.00
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 959.53
The short-term trend has been DOWN since Apr 17th, 2024 at 946.74
Smart Scan Analysis for FLBDNX
Based on our trend formula, FLBDNX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 945.05 | 945.05 | 945.05 | 945.75 | +0.39 |
| Prev. Close | Volume | Bid | Ask | Time |
| 945.44 | 0 | 945.44 | 1091.01 | 2024-04-22 20:00:00 |
| 52wk High | 1091.01 | 52wk High Date | 2024-04-23 |
| 52wk Low | 846.74 | 52wk Low Date | 2023-10-31 |
| Year End Close | 1086.46 | Payment Date | 2024-04-25 |