Putnam Managed Municipal Income (PMM, $5.98) price may drop as it broke higher Bollinger Band on Jun 30, 2025

#TechnicalAnalysis, #Bollinger, #Bearish, #ETFs
PMM - Putnam Managed Municipal Income
Bollinger signal
Bearish Trend
83%
Odds of DOWN Trend
Price: $5.98
Daily change: +$0.07 (+1.18%)
Daily volume: 154K
Net Assets: $274.6M

This price move could be a signal that PMM may fall back below the higher band and head toward the middle band. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 41 similar cases where PMM's price broke its higher Bollinger Band, and 34 of them led to a successful outcome. Odds of Success: 83%.