First Trust Managed Municipal Getting Very Oversold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 23 2024
0mins
Source: NASDAQ.COM
RSI Analysis: First Trust Managed Municipal (FMB) has an RSI reading of 27.8, indicating potential exhaustion from heavy selling, compared to the S&P 500's 64.7.
Stock Performance: FMB's shares are trading at $51.05, within a 52-week range of $48.08 to $52.13, and are down about 0.6% for the day.
Analyst Views on FMB
Wall Street analysts forecast FMB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FMB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 51.240
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Current: 51.240
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
