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Mutual Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

The Investment Company of America - Class R2E (NASDAQ:RIBEX)

Countertrend Up (+85) - RIBEX is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

Is it time to buy, sell, or avoid RIBEX?

MarketClub looks at technical strength and momentum to determine if the timing is right for RIBEX.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_RIBEX
Open High Low RIBEX Price Change
53.71 53.71 53.71 54.03 +0.32
Entry Signal

MarketClub’s Trade Triangles for RIBEX

long term up The long-term trend has been UP since Nov 17th, 2023 at 48.88

intermediate term up The intermediate-term trend has been UP since Nov 3rd, 2023 at 46.81

short term down The short-term trend has been DOWN since Mar 15th, 2024 at 54.12

Smart Scan Analysis for RIBEX

Based on our trend formula, RIBEX is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for RIBEX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
53.71 53.71 53.71 54.03 +0.32
Prev. Close Volume Bid Ask Time
53.71 0 54.03 54.03 2024-03-18 20:00:00
52wk High54.3352wk High Date2024-03-07
52wk Low41.6652wk Low Date2023-03-17
Year End Close50.19Payment Date2020-03-19
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