Mutual Trend Analysis Report
Prepared for you on Tuesday, April 13, 2021.
THE FIRST TRUST COMBINED SERIES 493: TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FHBONX)
Strong Uptrend (+100) - FHBONX is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, FHBONX continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid FHBONX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FHBONX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FHBONX
The long-term trend has been UP since Dec 1st, 2020 at 1093.87
The intermediate-term trend has been UP since Mar 25th, 2021 at 1097.08
The short-term trend has been UP since Apr 6th, 2021 at 1097.61
Smart Scan Analysis for FHBONX
Based on our trend formula, FHBONX is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1108.26||52wk High Date||2021-02-10|
|52wk Low||1039.78||52wk Low Date||2020-04-30|
|Year End Close||1075.540096||Payment Date||2021-04-25|