Mutual Trend Analysis Report
Prepared for you on Tuesday, November 20, 2018.
THE FIRST TRUST COMBINED SERIES 324 BUILD AMERICA BONDS PORTF SERIES 16 (NASDAQ:FTMBAX)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 FTMBAX
The long term trend has been DOWN since Dec 11th, 2017 at 888.179993
The intermediate term trend has been DOWN since Sep 4th, 2018 at 860.349952
The short term trend has been UP since Nov 9th, 2018 at 836.720000
Smart Scan Analysis for FTMBAX
Based on a pre-defined weighted trend formula for chart analysis, FTMBAX scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||901.95||52wk High Date||2017-12-06|
|52wk Low||835.94||52wk Low Date||2018-11-08|
|Year End Close||885.729984||Yield||5.3|