Index Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
ALERIAN ENERGY INFRASTRUCTURE INDEX (CME:AMEI)
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 AMEI
The long term trend has been UP since Dec 18th, 2018 at 524.3936
The intermediate term trend has been UP since Jan 15th, 2019 at 471.1600
The short term trend has been DOWN since Feb 21st, 2019 at 490.6400
Smart Scan Analysis for AMEI
Based on a pre-defined weighted trend formula for chart analysis, AMEI scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||568.0926||52wk High Date||2017-12-06|
|52wk Low||449.8197||52wk Low Date||2018-04-04|