Mutual Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
INVESTMENT GRADE CORPORATE TRUST 5-8 YEAR SERIES 31 (NASDAQ:IGDCPX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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 IGDCPX
The long term trend has been UP since Jan 31st, 2019 at 1004.24
The intermediate term trend has been UP since Oct 1st, 2019 at 1064.64
The short term trend has been DOWN since Oct 4th, 2019 at 1065.83
Smart Scan Analysis for IGDCPX
Based on a pre-defined weighted trend formula for chart analysis, IGDCPX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1067.21000000||52wk High Date||2019-09-04|
|52wk Low||986.94000000||52wk Low Date||2018-12-26|
|Year End Close||989.10000000||Yield||3.88000000|