In trading on Monday, shares of the Franklin Ohio Municipal Income ETF (FTOH) reached an oversold status with a price as low as $8.29 per share. The Relative Strength Index (RSI) for FTOH fell to 27.5, indicating heavy selling pressure, while the S&P 500’s RSI is at 58.6. An RSI below 30 suggests that the stock may be oversold, potentially signaling a buying opportunity for bullish investors.
The ETF’s 52-week performance shows a low of $8.24 and a high of $8.52. As of the last trade, FTOH is down approximately 0.3% on the day.
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