Stock Trend Analysis Report
Prepared for you on Thursday, February 22, 2018.
MUELLER INDUSTRIES (NYSE:MLI)
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 MLI
The long term trend has been DOWN since Feb 1st, 2018 at 32.88
The intermediate term trend has been DOWN since Jan 23rd, 2018 at 35.37
The short term trend has been UP since Feb 14th, 2018 at 26.62
Smart Scan Analysis for MLI
Based on a pre-defined weighted trend formula for chart analysis, MLI scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||37.57||Year High Date||2018-01-16|
|Year Low||25.59||Year Low Date||2018-02-09|
|52wk High||43.43||52wk High Date||2017-03-01|
|52wk Low||25.59||52wk Low Date||2018-02-09|
|Year End Close||50.03||Average Volume||415,826|
|Shares Outstanding||28,095||Short Interest||229,351|