iShares California Muni Bond ETF (CMF)

iShares California Muni Bond ETF is trading at $55.75, down 0.54% on the session. The 50 day average sits at $56.96 and the 200 day at $57.33, which puts the stock in a downtrend. RSI is at 32.4, which reads as weak, and MACD is bearish crossover. Volume is above average.

The nearest support is around $56.27 with resistance near $56.77, so that band frames the current range. Average daily movement is roughly $0.14, or about 0.3% of the share price, which is what any stop placement has to allow for. The overall health score of 35 out of 100 combines a trend score of 7, momentum of 32 and a risk score of 84.

The index includes municipal bonds issued in the State of California, the interest of which is exempt from Federal income taxes and not subject to AMT. The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that the advisor believes will help the fund track the underlying index. It is non-diversified.