Mutual Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
THE FIRST TRUST COMBINED SERIES 361 TAX EXEMPT MUNICIPAL INCOME TRUST (NASDAQ:FWRLTX)
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 FWRLTX
The long term trend has been DOWN since Jun 7th, 2019 at 935.80
The intermediate term trend has been DOWN since Aug 8th, 2019 at 844.81
The short term trend has been DOWN since Aug 30th, 2019 at 806.74
Smart Scan Analysis for FWRLTX
Based on a pre-defined weighted trend formula for chart analysis, FWRLTX scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1051.51||52wk High Date||2018-05-29|
|52wk Low||935.01||52wk Low Date||2019-01-25|
|Year End Close||1041.129984||Yield||4.48|