On Wednesday, shares of the Franklin Minnesota Municipal Income ETF (FTMN) dropped to $8.6712, entering oversold territory with a Relative Strength Index (RSI) reading of 28.8. This indicates that the stock is under pressure, as an RSI below 30 typically signals overselling. In comparison, the S&P 500 currently stands at an RSI of 38.8.
FTMN’s 52-week low is $8.6712, while its high is $9. The stock is trading down approximately 0.2% on the day, signaling potential opportunities for bullish investors looking for a buying entry point as selling pressure may be subsiding.
