Mutual Trend Analysis Report
Prepared for you on Tuesday, March 26, 2019.
THE FIRST TRUST COMBINED SERIES 370 TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FHGEOX)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. 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 May 18th, 2016 at 954.58
The intermediate term trend has been DOWN since Dec 31st, 2018 at 639.99
The short term trend has been DOWN since Feb 21st, 2019 at 612.31
Smart Scan Analysis for FHGEOX
Based on a pre-defined weighted trend formula for chart analysis, FHGEOX scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1072.42||52wk High Date||2019-02-15|
|52wk Low||611.41||52wk Low Date||2019-01-18|
|Year End Close||714.110016||Payment Date||2019-02-25|