ALPS Intermediate Municipal Bond ETF Price & Performance (MNBD)

The ALPS Intermediate Municipal Bond ETF (MNBD) experienced a decline in trading activity, with only 4 shares exchanged, a stark drop from its usual daily average of 1,409. The ETF's price also fell 0.3%, closing at $25.57. This marks a continuation of its downward trend, with its 200-day average at $25.79.1

Technical analysis suggests MNBD's key support level is $25.49, while resistance is at $25.74. Analysts recommend buying near support and shorting at resistance. The ETF’s performance remains neutral across short, mid, and long-term projections, with its current price testing critical thresholds for trading strategies.2

Traders are advised to adopt distinct strategies for MNBD. Day traders could target $25.99 on a break above $25.74, while swing traders are guided to short near $25.74 with a stop loss at $25.81. These strategies emphasize precise entry points to manage risks effectively in a fluctuating market.2