Mutual Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
FIRST TRUST 3773 NORTHLAND SECURITIES HIGH YIELD CORPORATE TR SHORT IN (NASDAQ:FHAIRX)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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 FHAIRX
The long term trend has been DOWN since Jul 9th, 2018 at 78.900002
The intermediate term trend has been UP since Jan 7th, 2019 at 30.610000
The short term trend has been DOWN since Feb 1st, 2019 at 30.610000
Smart Scan Analysis for FHAIRX
Based on a pre-defined weighted trend formula for chart analysis, FHAIRX scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2019-02-15|
|52wk Low||29.6||52wk Low Date||2018-12-27|
|Year End Close||30||Yield||7.03|