Mutual Trend Analysis Report
Prepared for you on Tuesday, May 22, 2018.
IVY MUNI-BOND FUND CL A (NASDAQ:WMBAX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 WMBAX
The long term trend has been DOWN since Nov 17th, 2017 at 11.92
The intermediate term trend has been DOWN since Jan 24th, 2018 at 11.85
The short term trend has been UP since Mar 28th, 2018 at 11.71
Smart Scan Analysis for WMBAX
Based on a pre-defined weighted trend formula for chart analysis, WMBAX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||12.01||52wk High Date||2017-09-07|
|52wk Low||11.64||52wk Low Date||2018-04-26|
|Year End Close||11.88|