Mutual Trend Analysis Report
Prepared for you on Monday, May 1, 2017.
FIRST TRUST COMBINED SERIES 292 INSURED TAX EXEMPT MUNI INC TRUST SERIES 248 (NASDAQ:FTXBRX)
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 FTXBRX
The long term trend has been DOWN since Mar 1st, 2016 at 909.390015
The intermediate term trend has been DOWN since Jan 30th, 2017 at 846.440002
The short term trend has been DOWN since Apr 17th, 2017 at 806.609985
Smart Scan Analysis for FTXBRX
Based on a pre-defined weighted trend formula for chart analysis, FTXBRX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||909.3||52wk High Date||2016-05-05|
|52wk Low||805.299988||52wk Low Date||2017-04-27|
|Year End Close||846.200012||Yield||4.29|