PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund (MUNI)

PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund is trading at $51.23, up 0.39% on the session. The 50 day average sits at $50.66 and the 200 day at $51.99, which puts the stock in a downtrend. RSI is at 67.1, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $50.40 with resistance near $51.80, so that band frames the current range. Average daily movement is roughly $0.24, or about 0.5% of the share price, which is what any stop placement has to allow for. The overall health score of 61 out of 100 combines a trend score of 27, momentum of 77 and a risk score of 92.

The fund invests at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax ("Municipal Bonds"). It may invest 25% or more of its total assets in Municipal Bonds that finance similar projects, such as those relating to education, health care, housing, transportation, and utilities, and 25% or more of its total assets in industrial development bonds.