Index Trend Analysis Report
Prepared for you on Friday, October 20, 2017.
MARKET VECTORS STEEL INDEX INT IND VALUE (PACF:KLX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 KLX
The long term trend has been UP since Aug 8th, 2017 at 42.0732
The intermediate term trend has been UP since Oct 13th, 2017 at 43.6536
The short term trend has been DOWN since Oct 19th, 2017 at 43.1277
Smart Scan Analysis for KLX
Based on a pre-defined weighted trend formula for chart analysis, KLX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||53.4574||52wk High Date||2017-04-17|
|52wk Low||31.5208||52wk Low Date||2016-10-19|