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Mutual Trend Analysis Report
Prepared for you on Thursday, May 2, 2024.
First Trust Merger Arbitrage Fund - Class C (NASDAQ:VARCX)
Strong Uptrend (+100) - VARCX is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, VARCX continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid VARCX?
MarketClub looks at technical strength and momentum to determine if the timing is right for VARCX.
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 VARCX
The long-term trend has been UP since Feb 6th, 2024 at 10.66
The intermediate-term trend has been UP since Feb 6th, 2024 at 10.66
The short-term trend has been UP since Apr 17th, 2024 at 10.77
Smart Scan Analysis for VARCX
Based on our trend formula, VARCX is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 10.80 | 10.80 | 10.80 | 10.83 | +0.01 |
| Prev. Close | Volume | Bid | Ask | Time |
| 10.82 | 0 | 10.81 | 10.81 | 2024-04-25 20:00:00 |
| 52wk High | 10.82 | 52wk High Date | 2024-04-30 |
| 52wk Low | 10.66 | 52wk Low Date | 2024-02-05 |
| Year End Close | 10.66 |