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Mutual Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
The First Trust Combined Series 508: Tax Exempt Municipal Income Trust, Series 291 (NASDAQ:FLBDNX)
Countertrend Down (-85) - FLBDNX is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid FLBDNX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FLBDNX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FLBDNX
The long-term trend has been DOWN since Apr 2nd, 2024 at 948.00
The intermediate-term trend has been DOWN since Mar 18th, 2024 at 959.53
The short-term trend has been UP since Apr 23rd, 2024 at 945.72
Smart Scan Analysis for FLBDNX
Based on our trend formula, FLBDNX is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 945.75 | 945.75 | 945.75 | 944.58 | -1.17 |
| Prev. Close | Volume | Bid | Ask | Time |
| 945.75 | 0 | 944.58 | 1091.01 | 2024-04-24 17:52:43 |
| 52wk High | 1091.01 | 52wk High Date | 2024-04-23 |
| 52wk Low | 846.74 | 52wk Low Date | 2023-10-31 |
| Year End Close | 1086.46 | Payment Date | 2024-04-25 |