Mutual Trend Analysis Report
Prepared for you on Friday, July 20, 2018.
FT 6561: SENIOR LOAN & LTD DURATION OPPORTUNITIES CLOSED-END PORTF (NASDAQ:FREIDX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 FREIDX
The long term trend has been DOWN since Mar 8th, 2017 at 9.7337
The intermediate term trend has been UP since Apr 3rd, 2018 at 9.1587
The short term trend has been DOWN since Apr 19th, 2018 at 9.1598
Smart Scan Analysis for FREIDX
Based on a pre-defined weighted trend formula for chart analysis, FREIDX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||9.68||52wk High Date||2017-05-24|
|52wk Low||9.05||52wk Low Date||2018-03-22|
|Year End Close||9.3234||Payment Date||2018-04-25|