Mutual Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
THE FIRST TRUST COMBINED SERIES 370 TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FHGEOX)
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.
MarketClub’s Trade Triangles for FHGEOX
The long term trend has been DOWN since Sep 21st, 2016 at 947.30
The intermediate term trend has been DOWN since Aug 20th, 2019 at 608.16
The short term trend has been DOWN since Aug 9th, 2019 at 608.59
Smart Scan Analysis for FHGEOX
Based on a pre-defined weighted trend formula for chart analysis, FHGEOX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1072.42||52wk High Date||2019-05-24|
|52wk Low||608.98||52wk Low Date||2019-05-23|
|Year End Close||714.110016||Payment Date||2019-05-25|