Mutual Trend Analysis Report
Prepared for you on Monday, August 20, 2018.
FIRST TRUST COMBINED SERIES 291 NY TAX E (NASDAQ:FYRKLX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 FYRKLX
The long term trend has been DOWN since Jul 9th, 2018 at 838.109985
The intermediate term trend has been DOWN since Jul 9th, 2018 at 855.590027
The short term trend has been UP since Aug 15th, 2018 at 673.559998
Smart Scan Analysis for FYRKLX
Based on a pre-defined weighted trend formula for chart analysis, FYRKLX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||862.36||52wk High Date||2017-08-23|
|52wk Low||672.9||52wk Low Date||2018-08-09|
|Year End Close||840.940032||Payment Date||2018-08-25|