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Market Impact: 0.12

CXH Crosses Below Key Moving Average Level

Market Technicals & FlowsCredit & Bond MarketsInvestor Sentiment & Positioning

Shares of MFS Investment Grade Municipal Fund (CXH) fell below their 200-day moving average of $7.97, trading as low as $7.93 and down about 1.6% on the day. The move is a technical weakness signal rather than a fundamental update, but it may weigh on near-term sentiment for the municipal bond fund.

Analysis

Shares of MFS Investment Grade Municipal Fund (CXH) fell below their 200-day moving average of $7.97, trading as low as $7.93 and down about 1.6% on the day. The move is a technical weakness signal rather than a fundamental update, but it may weigh on near-term sentiment for the municipal bond fund.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15