Stock Trend Analysis Report
Prepared for you on Friday, November 16, 2018.
DR REDDY LABS (NYSE:RDY)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 RDY
The long term trend has been UP since Jun 15th, 2018 at 34.42
The intermediate term trend has been UP since Nov 16th, 2018 at 34.81
The short term trend has been UP since Nov 14th, 2018 at 34.24
Smart Scan Analysis for RDY
Based on a pre-defined weighted trend formula for chart analysis, RDY scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||39.96||Year High Date||2018-01-24|
|Year Low||28.13||Year Low Date||2018-05-21|
|52wk High||39.96||52wk High Date||2018-01-24|
|52wk Low||28.13||52wk Low Date||2018-05-21|
|Year End Close||33.29||Average Volume||310,687|
|Shares Outstanding||169,560||Short Interest||826,449|