In the case of Franklin Municipal Green Bond, the RSI reading has hit 29.4 — by comparison, the RSI reading for the S&P 500 is currently 51.1. A bullish investor could look at FLMB's 29.4 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.

Looking at a chart of one year performance (below), FLMB's low point in its 52 week range is $22.78 per share, with $24.29 as the 52 week high point — that compares with a last trade of $23.42. Franklin Municipal Green Bond shares are currently trading off about 0.1% on the day.

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Further FLMB Research:

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