Could RBC CANADIAN PREFERRED SHARE ETF Lose Strenght? The Stock Just Gapped Up

 Could RBC CANADIAN PREFERRED SHARE ETF Lose Strenght? The Stock Just Gapped Up

The stock of RBC CANADIAN PREFERRED SHARE ETF (TSE:RPF) gapped up by $0.05 today and has $57.06 target or 173.00% above today’s $20.90 share price. The 9 months technical chart setup indicates low risk for the $28.15 million company. The gap was reported on Oct, 31 by If the $57.06 price target is reached, the company will be worth $48.70M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 10,600 shares traded hands. RBC CANADIAN PREFERRED SHARE ETF (TSE:RPF) has risen 6.00% since October 1, 2016 and is uptrending. It has outperformed by 2.53% the S&P500.

More notable recent RBC CANADIAN PREFERRED SHARE ETF (TSE:RPF) news were published by: which released: “RBC launches new income ETFs as talk swirls it will launch its own robo-adviser” on September 20, 2016, also with their article: “Lowly preferred shares an intriguing bet for the brave investor” published on February 13, 2016, published: “Falling fees, more choices and the rise of preferred shares funds: ETF trends …” on October 07, 2016. More interesting news about RBC CANADIAN PREFERRED SHARE ETF (TSE:RPF) were released by: and their article: “RBC Global Asset Management Opens the Market” published on September 27, 2016 as well as‘s news article titled: “How To Make 9%+ Annually With Canada’s Big Bank Preferreds” with publication date: March 01, 2016.

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