Mutual Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
AMERICAN FUNDS 2060 TARGET DATE RETIREMENT FUND CL R-5 (NASDAQ:REMTX)
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 REMTX
The long term trend has been UP since Dec 7th, 2016 at 10.57
The intermediate term trend has been UP since Aug 27th, 2018 at 13.04
The short term trend has been DOWN since Sep 24th, 2018 at 13.18
Smart Scan Analysis for REMTX
Based on a pre-defined weighted trend formula for chart analysis, REMTX scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||13.29||52wk High Date||2018-01-26|
|52wk Low||12.14||52wk Low Date||2017-10-25|
|Year End Close||12.42||Payment Date||2017-12-29|