Mutual Trend Analysis Report
Prepared for you on Thursday, October 18, 2018.
INVESTMENT GRADE CORPORATE TRUST 5-8-YEAR SERIES 24 (NASDAQ:IGPTFX)
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 IGPTFX
The long term trend has been DOWN since Sep 7th, 2017 at 1044.599976
The intermediate term trend has been DOWN since Sep 4th, 2018 at 970.360000
The short term trend has been UP since Sep 26th, 2018 at 966.990016
Smart Scan Analysis for IGPTFX
Based on a pre-defined weighted trend formula for chart analysis, IGPTFX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1014.87||52wk High Date||2017-11-06|
|52wk Low||960.179968||52wk Low Date||2018-10-17|
|Year End Close||1008||Yield||4.36|