Mutual Trend Analysis Report
Prepared for you on Thursday, September 24, 2020.
FIDELITY FLOATING RATE HIGH INCOME (NASDAQ:FFRHX)
Long-Term Uptrend (+90) - FFRHX is in a strong uptrend that is likely to continue. While FFRHX is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid FFRHX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FFRHX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FFRHX
The long-term trend has been UP since Aug 10th, 2020 at 8.91
The intermediate-term trend has been UP since Jul 20th, 2020 at 8.84
The short-term trend has been UP since Aug 5th, 2020 at 8.89
Smart Scan Analysis for FFRHX
Based on our trend formula, FFRHX is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.53||52wk High Date||2020-01-14|
|52wk Low||7.36||52wk Low Date||2020-03-23|
|Year End Close||9.49||Payment Date||2019-12-27|