In trading on Tuesday, shares of the iShares Intermediate Muni Income Active ETF (INMU) dropped to $23.82, entering oversold territory with a Relative Strength Index (RSI) of 29.5. A stock is considered oversold if the RSI falls below 30; for context, the S&P 500’s RSI is currently at 51.4.
INMU’s 52-week range is between $23.32 and $24.58, with the last trade recorded at $23.84. Investors may view the low RSI as a potential opportunity to buy, as it suggests the selling momentum might be exhausting.
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