Mutual Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
THE MERGER FUND INSTL CL (NASDAQ:MERIX)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 MERIX
The long term trend has been UP since Feb 16th, 2018 at 16.10
The intermediate term trend has been DOWN since Oct 9th, 2018 at 16.71
The short term trend has been UP since Oct 12th, 2018 at 16.68
Smart Scan Analysis for MERIX
Based on a pre-defined weighted trend formula for chart analysis, MERIX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||16.86||52wk High Date||2018-07-10|
|52wk Low||15.74||52wk Low Date||2017-11-09|
|Year End Close||15.83||Payment Date||2017-12-28|