Mutual Trend Analysis Report
Prepared for you on Tuesday, October 16, 2018.
VIRTUS NEWFLEET HIGH YIELD FUND I (NASDAQ:PHCIX)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 PHCIX
The long term trend has been DOWN since Jul 7th, 2017 at 4.24
The intermediate term trend has been UP since Jul 31st, 2018 at 4.11
The short term trend has been UP since Sep 12th, 2018 at 4.12
Smart Scan Analysis for PHCIX
Based on a pre-defined weighted trend formula for chart analysis, PHCIX scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||4.26||52wk High Date||2017-10-17|
|52wk Low||4.09||52wk Low Date||2018-07-02|
|Year End Close||4.21|