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First Trust New York Municipal High Income Breaks Below 200-Day Moving Average

Market Technicals & FlowsInvestor Sentiment & PositioningCredit & Bond Markets

Shares of the First Trust New York Municipal High Income ETF (FMNY) fell below their 200-day moving average of $26.74, trading as low as $26.70. The move is a modestly bearish technical signal, but the article provides no broader fundamental catalyst or estimate of follow-through.

Analysis

Shares of the First Trust New York Municipal High Income ETF (FMNY) fell below their 200-day moving average of $26.74, trading as low as $26.70. The move is a modestly bearish technical signal, but the article provides no broader fundamental catalyst or estimate of follow-through.

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