First Trust Ultra Short Duration Municipal is slightly up on the day, it isn't making a very strong move but still up 0.05%. We'll see if it can keep moving up or not. FUMB is near or at a moderate resistance line, it may make a reversal here or possibly punch through and keep moving up if the buying pressure is consistent. 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 break through or not.
If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price does in fact bounce off here, it might find nearest support down at the $20.01 level, hard to say where it will go from there though.
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