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Mutual Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
LORD ABBETT FLOATING RATE FUND CLASS R5 (NASDAQ:LRRTX)
Bull Market Weakness (+75) - LRRTX is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on LRRTX as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid LRRTX?
MarketClub looks at technical strength and momentum to determine if the timing is right for LRRTX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for LRRTX
The long-term trend has been UP since Dec 22nd, 2023 at 8.14
The intermediate-term trend has been DOWN since Apr 11th, 2024 at 8.19
The short-term trend has been UP since Apr 24th, 2024 at 8.18
Smart Scan Analysis for LRRTX
Based on our trend formula, LRRTX is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 8.19 | 8.19 | 8.19 | 8.20 | 0.00 |
| Prev. Close | Volume | Bid | Ask | Time |
| 8.19 | 0 | 8.19 | 8.19 | 2024-05-03 20:00:00 |
| 52wk High | 8.2 | 52wk High Date | 2024-05-07 |
| 52wk Low | 7.9 | 52wk Low Date | 2023-06-01 |
| Year End Close | 8.15 | Payment Date | 2023-03-07 |