Mutual Trend Analysis Report
Prepared for you on Tuesday, May 26, 2020.
FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 88 (NASDAQ:FGRMEX)
Weak Downtrend (-65) - FGRMEX is showing signs of a strengthening downtrend. Monitor FGRMEX as it may be building momentum to the downside.
Is it time to buy, sell, or avoid FGRMEX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FGRMEX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FGRMEX
The long-term trend has been DOWN since May 25th, 2017 at 3.80
The intermediate-term trend has been DOWN since Mar 26th, 2020 at 2.24
The short-term trend has been UP since May 13th, 2020 at 2.19
Smart Scan Analysis for FGRMEX
Based on our trend formula, FGRMEX is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2.48||52wk High Date||2019-05-28|
|52wk Low||2.18||52wk Low Date||2020-04-30|
|Year End Close||2.24||Yield||4.47|