Mutual Trend Analysis Report
Prepared for you on Monday, June 1, 2020.
FT 6791: MUNICIPAL INCOME CLOSED-END PORTFOLIO SERIES 70 (NASDAQ:FMBWDX)
Bull Market Weakness (+75) - FMBWDX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FMBWDX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid FMBWDX?
MarketClub looks at technical strength and momentum to determine if the timing is right for FMBWDX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for FMBWDX
The long-term trend has been DOWN since Mar 11th, 2020 at 9.35
The intermediate-term trend has been UP since May 22nd, 2020 at 8.45
The short-term trend has been UP since May 19th, 2020 at 8.33
Smart Scan Analysis for FMBWDX
Based on our trend formula, FMBWDX is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||9.8||52wk High Date||2020-02-25|
|52wk Low||7.12||52wk Low Date||2020-03-18|
|Year End Close||9.4||Payment Date||2020-01-25|