The stock of RBC QUANT US DIV LEADERS ETF (TSE:RUD) gapped up by $0.71 today and has $80.91 target or 184.00% above today’s $28.49 share price. The 6 months technical chart setup indicates low risk for the $273.14M company. The gap was reported on Nov, 9 by Barchart.com. If the $80.91 price target is reached, the company will be worth $502.58M 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 12,043 shares traded hands or 124.77% up from the average. RBC QUANT US DIV LEADERS ETF (TSE:RUD) has risen 5.64% since April 7, 2016 and is uptrending. It has outperformed by 0.86% the S&P500.
More notable recent RBC QUANT US DIV LEADERS ETF (TSE:RUD) news were published by: Business.Financialpost.com which released: “How to find the top US dividend funds” on August 22, 2014, also Theglobeandmail.com with their article: “Dividend investors: You now have five new ETFs to choose from” published on October 22, 2014, Business.Financialpost.com published: “RBC launches first EAFE dividend ETF in Canada” on January 15, 2014. More interesting news about RBC QUANT US DIV LEADERS ETF (TSE:RUD) were released by: Theglobeandmail.com and their article: “New ETF will give Canadians exposure to dividends in US tech sector” published on February 24, 2015 as well as Theglobeandmail.com‘s news article titled: “Eye on Shorts: What bearish investors are betting against” with publication date: March 23, 2016.
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