Mutual Trend Analysis Report
Prepared for you on Thursday, May 24, 2018.
AMERICAN FUNDS 2060 TARGET DATE RETIREMENT FUND CL R-5 (NASDAQ:REMTX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 REMTX
The long term trend has been UP since Dec 7th, 2016 at 10.57
The intermediate term trend has been DOWN since Mar 22nd, 2018 at 12.56
The short term trend has been UP since Mar 26th, 2018 at 12.30
Smart Scan Analysis for REMTX
Based on a pre-defined weighted trend formula for chart analysis, REMTX scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||13.29||52wk High Date||2018-01-26|
|52wk Low||11.35||52wk Low Date||2017-05-24|
|Year End Close||12.42||Payment Date||2017-12-29|