Mutual Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
INVESTMENT GRADE MUNI TRUST 7-13-YEAR SERIES 59 (NASDAQ:IGRAMX)
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 IGRAMX
The long term trend has been DOWN since Sep 7th, 2018 at 1067.430054
The intermediate term trend has been DOWN since Aug 6th, 2018 at 1071.709961
The short term trend has been UP since Sep 27th, 2018 at 1061.219968
Smart Scan Analysis for IGRAMX
Based on a pre-defined weighted trend formula for chart analysis, IGRAMX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1106.62||52wk High Date||2017-11-08|
|52wk Low||1055.129984||52wk Low Date||2018-10-18|
|Year End Close||1096.470016||Yield||3.35|