Mutual Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
THE INVESTMENT COMPANY OF AMERICA - CLASS R2E (NASDAQ:RIBEX)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 RIBEX
The long term trend has been DOWN since Oct 11th, 2018 at 40.14
The intermediate term trend has been UP since Jan 15th, 2019 at 34.88
The short term trend has been UP since Feb 12th, 2019 at 35.76
Smart Scan Analysis for RIBEX
Based on a pre-defined weighted trend formula for chart analysis, RIBEX scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-10-03|
|52wk Low||31.96||52wk Low Date||2018-12-24|
|Year End Close||33.81||Payment Date||2018-12-20|