First Trust Ultra Short Duration Municipal is slightly up on the day, it isn't making a very strong move but still up 0.17%. We'll see if it can keep moving up or not. It looks like FUMB may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line FUMB is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through
this line in which case there might be a burst of selling on the other side. FUMB hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to get a very good bounce at this point or not.
If we get a reversal off of support and First Trust Ultra Short Duration Municipal starts moving up, it can probably get to $20.15 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
