On Friday, the Invesco California AMT-Free Municipal Bond ETF (PWZ) traded at a low of $23.73 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 29.3. Stocks are deemed oversold when the RSI falls below 30; for context, the S&P 500’s RSI stands at 54.0.
PWZ’s 52-week range shows a low of $23.03 and a high of $24.59, with its current trade reflecting a 0.3% decline for the day. This heavy selling activity may prompt bullish investors to seek entry points for potential buy opportunities.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
