PMO Crosses Below Key Moving Average Level

Putnam Municipal Opportunities Trust (PMO) shares crossed below their 200-day moving average of $10.27, trading as low as $10.14 and are down roughly 1.3% on the day. The move signals short-term technical weakness for the municipal bond closed-end fund but is routine intraday activity and unlikely to move broader markets.

Analysis

Putnam Municipal Opportunities Trust (PMO) shares crossed below their 200-day moving average of $10.27, trading as low as $10.14 and are down roughly 1.3% on the day. The move signals short-term technical weakness for the municipal bond closed-end fund but is routine intraday activity and unlikely to move broader markets.