Stock Trend Analysis Report
Prepared for you on Sunday, November 19, 2017.
iShares NASDAQ BIOTECH E (NASDAQ:IBB)
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 IBB
The long term trend has been DOWN since Nov 14th, 2017 at 302.572
The intermediate term trend has been DOWN since Oct 23rd, 2017 at 329.420
The short term trend has been UP since Nov 17th, 2017 at 311.350
Smart Scan Analysis for IBB
Based on a pre-defined weighted trend formula for chart analysis, IBB scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||342.496||Year High Date||2017-10-06|
|Year Low||266.72||Year Low Date||2017-01-03|
|52wk High||342.4962||52wk High Date||2017-10-06|
|52wk Low||261.6509||52wk Low Date||2016-12-07|
|Year End Close||137.22||Average Volume||1,138,021|
|Shares Outstanding||15,550||% Institutional||71.8|