Mutual Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
THE FIRST TRUST COMBINED SERIES 361 TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FWRLTX)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
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 FWRLTX
The long term trend has been DOWN since Jun 7th, 2019 at 935.80
The intermediate term trend has been UP since Jan 6th, 2020 at 698.57
The short term trend has been UP since Dec 27th, 2019 at 697.43
Smart Scan Analysis for FWRLTX
Based on a pre-defined weighted trend formula for chart analysis, FWRLTX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||970.71||52wk High Date||2019-05-29|
|52wk Low||697.17||52wk Low Date||2019-12-26|
|Year End Close||1041.129984||Yield||4.48|