In trading on Wednesday, shares of the ALPS BBH Intermediate Municipal Bond ETF (MNBD) dropped to $25.43, entering oversold territory with a Relative Strength Index (RSI) reading of 28.8. The ETF’s RSI indicates potential for recovery, as a reading below 30 signifies overselling, compared to an RSI of 53.8 for the S&P 500.
Over the past year, MNBD’s shares have fluctuated between a low of $24.74 and a high of $26.46, with the current price down approximately 0.2% on the day. Investors may view this as an opportunity for buying, given the recent heavy selling trend.
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