The stock of RBC Quant Emerging Markets Dividend Leaders ETF (TSE:RXD) gapped down by $0.2 today and has $16.29 target or 14.00% below today’s $18.94 share price. The 5 months technical chart setup indicates high risk for the $23.99 million company. The gap down was reported on Nov, 9 by Barchart.com. If the $16.29 price target is reached, the company will be worth $3.36 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 30,690 shares traded hands or 1357.96% up from the average. RBC Quant Emerging Markets Dividend Leaders ETF (TSE:RXD) has risen 7.33% since April 5, 2016 and is uptrending. It has outperformed by 2.54% the S&P500.
More notable recent RBC Quant Emerging Markets Dividend Leaders ETF (TSE:RXD) news were published by: Theglobeandmail.com which released: “Dividend investors: You now have five new ETFs to choose from” on October 22, 2014, also Business.Financialpost.com with their article: “How to find the top US dividend funds” published on August 22, 2014, Theglobeandmail.com published: “Income seekers, here’s a low-cost ETF portfolio” on March 28, 2014. More interesting news about RBC Quant Emerging Markets Dividend Leaders ETF (TSE:RXD) were released by: Theglobeandmail.com and their article: “Eye on Shorts: What bearish investors are betting against” published on July 20, 2016 as well as Thestreet.com‘s news article titled: “Boeing (BA) Stock Gets Price Target Cut at RBC Capital” with publication date: September 03, 2015.
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