Mutual Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
INVESTMENT GRADE CORPORATE TRUST 5-8 SERIES 8 (NASDAQ:IICTEX)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 IICTEX
The long term trend has been DOWN since Jul 3rd, 2017 at 1058.560059
The intermediate term trend has been DOWN since Jun 6th, 2018 at 1028.579956
The short term trend has been DOWN since Oct 3rd, 2018 at 1005.049984
Smart Scan Analysis for IICTEX
Based on a pre-defined weighted trend formula for chart analysis, IICTEX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1062.92||52wk High Date||2017-10-23|
|52wk Low||999.39||52wk Low Date||2018-10-17|
|Year End Close||1047.839936||Yield||4.72|