In trading on Wednesday, shares of the Franklin Short-Term Municipal Income ETF (FTMS) hit $9.90, entering oversold territory with a Relative Strength Index (RSI) of 29.1. A stock is deemed oversold when its RSI falls below 30; for context, the S&P 500 has an RSI of 38.8. This signals that the heavy selling momentum may be nearing exhaustion, offering potential buy opportunities for bullish investors.
FTMS has a 52-week range with a low of $9.71 and a high of $10.05, and is currently trading down about 0.1% on the day.
