Mutual Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
INVESCO UNIT TR INVESTMENT GRADE MUNICIPAL TR INTERMEDIATE SRS 42 (NASDAQ:IGMISX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend 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 IGMISX
The long term trend has been DOWN since Jul 11th, 2019 at 888.59
The intermediate term trend has been DOWN since Oct 23rd, 2019 at 875.74
The short term trend has been UP since Oct 31st, 2019 at 875.22
Smart Scan Analysis for IGMISX
Based on a pre-defined weighted trend formula for chart analysis, IGMISX scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||894.37||52wk High Date||2019-06-25|
|52wk Low||874.08||52wk Low Date||2019-09-17|
|Year End Close||884.95||Yield||3.55|