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Mutual Trend Analysis Report

Prepared for you on Friday, October 18, 2019.

FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 88 (NASDAQ:FGRMEX)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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.

NASDAQ_FGRMEX
Open High Low FGRMEX Price Change
2.3900 2.3600 2.3600 2.3686 -0.0300
Entry Signal

MarketClub’s Trade Triangles for FGRMEX

long term down The long term trend has been DOWN since Oct 8th, 2016 at 4.39

intermediate term down The intermediate term trend has been DOWN since Sep 30th, 2019 at 2.39

short term down The short term trend has been DOWN since Sep 20th, 2019 at 2.41

Smart Scan Analysis for FGRMEX

Based on a pre-defined weighted trend formula for chart analysis, FGRMEX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for FGRMEX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.3900 2.3600 2.3600 2.3686 -0.0300
Prev. Close Volume Bid Ask Time
2.3800 0 2.3600 2019-10-04 00:00:00
52wk High2.6800000052wk High Date2018-10-17
52wk Low2.3600000052wk Low Date2019-09-30
Year End Close2.57000000Yield4.47000000
Payment Date2019-09-30
Want to analyze FIRST TRUST GNMA REINVESTMENT INCOME TRUST (GRIT) SERIES 88 FGRMEX or another symbol? Try our Free Mutual Trend Analysis Report.