In the case of PGIM Ultra Short Municipal Bond, the RSI reading has hit 27.2 — by comparison, the RSI reading for the S&P 500 is currently 42.9. A bullish investor could look at PUSH's 27.2 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), PUSH's low point in its 52 week range is $49.87 per share, with $51.4599 as the 52 week high point — that compares with a last trade of $50.34. PGIM Ultra Short Municipal Bond shares are currently trading down about 0.2% on the day.
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