Mutual Trend Analysis Report
Prepared for you on Wednesday, February 20, 2019.
LORD ABBETT FLOATING RATE FUND CLASS R5 (NASDAQ:LRRTX)
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 LRRTX
The long term trend has been DOWN since Oct 26th, 2018 at 9.14
The intermediate term trend has been UP since Feb 12th, 2019 at 8.85
The short term trend has been UP since Jan 31st, 2019 at 8.83
Smart Scan Analysis for LRRTX
Based on a pre-defined weighted trend formula for chart analysis, LRRTX scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-03-16|
|52wk Low||8.7||52wk Low Date||2018-12-28|
|Year End Close||8.71|