Mutual Trend Analysis Report
Prepared for you on Sunday, March 26, 2017.
IVY MUNI-BOND FUND CL A (NASDAQ:WMBAX)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down 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 WMBAX
The long term trend has been DOWN since Oct 4th, 2016 at 12.21
The intermediate term trend has been DOWN since Jan 25th, 2017 at 11.82
The short term trend has been UP since Mar 16th, 2017 at 11.76
Smart Scan Analysis for WMBAX
Based on a pre-defined weighted trend formula for chart analysis, WMBAX scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||12.34||52wk High Date||2016-06-27|
|52wk Low||11.69||52wk Low Date||2016-12-01|
|Year End Close||11.82|