The stock of RBC TARGET 2016 CORP BOND INDEX ETF (TSE:RQD) hit a new 52-week low and has $16.48 target or 12.00% below today’s $18.73 share price. The 9 months bearish chart indicates high risk for the $33.71 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $16.48 price target is reached, the company will be worth $4.05 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The ETF last traded at $18.73 per share. It is down 0.69% since April 5, 2016 and is downtrending. It has underperformed by 5.47% the S&P500.
More recent RBC TARGET 2016 CORP BOND INDEX ETF (TSE:RQD) news were published by: Marketwatch.com which released: “RBC Global Asset Management Opens the Market” on September 27, 2016. Also Marketwatch.com published the news titled: “TMX Group Equity Financing Statistics – September 2016” on October 07, 2016. Theglobeandmail.com‘s news article titled: “RBC launches new income ETFs as talk swirls it will launch its own robo-adviser” with publication date: September 20, 2016 was also an interesting one.
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