Is RBC Quant European Dividend Leaders CAD Hedged ETF a Buy? The Stock Gapped Up Today

 Is RBC Quant European Dividend Leaders CAD Hedged ETF a Buy? The Stock Gapped Up Today

The stock of RBC Quant European Dividend Leaders CAD Hedged ETF (TSE:RHP) gapped up by $0.38 today and has $57.67 target or 171.00% above today’s $21.28 share price. The 8 months technical chart setup indicates low risk for the $58.52M company. The gap was reported on Nov, 9 by Barchart.com. If the $57.67 price target is reached, the company will be worth $100.07 million 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 22,299 shares traded hands or 2366.70% up from the average. RBC Quant European Dividend Leaders CAD Hedged ETF (TSE:RHP) has risen 5.24% since April 7, 2016 and is uptrending. It has outperformed by 0.45% the S&P500.

More news for RBC Quant European Dividend Leaders CAD Hedged ETF (TSE:RHP) were recently published by: Theglobeandmail.com, which released: “Dividend investors: You now have five new ETFs to choose from” on October 22, 2014. Business.Financialpost.com‘s article titled: “How to find the top US dividend funds” and published on August 22, 2014 is yet another important article.

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