Mutual Trend Analysis Report
Prepared for you on Monday, October 23, 2017.
INVESCO UNIT TRUST HIGH INCOME INVESTMENT GRADE TRUST SERIES 2 (NASDAQ:IHIITX)
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 IHIITX
The long term trend has been DOWN since Nov 9th, 2016 at 948.200012
The intermediate term trend has been DOWN since May 18th, 2017 at 944.950012
The short term trend has been UP since Aug 24th, 2017 at 884.179993
Smart Scan Analysis for IHIITX
Based on a pre-defined weighted trend formula for chart analysis, IHIITX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||958.28||52wk High Date||2016-10-25|
|52wk Low||882.44||52wk Low Date||2017-10-20|
|Year End Close||941.400024||Yield||5.68|