Mutual Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
FT 7309: SENIOR LOAN & LTD DURATION CLOSED-END PORTFOLIO SERIES 8 (NASDAQ:FNJUOX)
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 FNJUOX
The long term trend has been DOWN since May 9th, 2018 at 9.7007
The intermediate term trend has been DOWN since Sep 7th, 2018 at 9.3858
The short term trend has been DOWN since Oct 19th, 2018 at 9.1247
Smart Scan Analysis for FNJUOX
Based on a pre-defined weighted trend formula for chart analysis, FNJUOX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.79||52wk High Date||2018-04-17|
|52wk Low||9.03||52wk Low Date||2018-10-11|
|Year End Close||9.775||Payment Date||2018-10-25|