Mutual Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
ICON NATURAL RESOURCES FUND - CL S (NASDAQ:ICBMX)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 ICBMX
The long term trend has been UP since Nov 10th, 2016 at 13.08
The intermediate term trend has been DOWN since May 30th, 2017 at 14.32
The short term trend has been DOWN since Jun 7th, 2017 at 14.14
Smart Scan Analysis for ICBMX
Based on a pre-defined weighted trend formula for chart analysis, ICBMX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||14.63||52wk High Date||2017-05-16|
|52wk Low||11.96||52wk Low Date||2016-06-28|
|Year End Close||13.85||Payment Date||2016-12-21|