On Friday, shares of the iShares California Muni Bond ETF (Symbol: CMF) fell to an oversold level, trading as low as $60.57. The Relative Strength Index (RSI) for CMF was recorded at 28.3, indicating significant selling pressure, while the S&P 500’s RSI stands at 51.4.
CMF’s 52-week trading range shows a low of $60.35 and a high of $63.1994, with the latest trade at $60.58, reflecting a decline of approximately 0.3% for the day.
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