The stock of RBC Quant European Dividend Leaders CAD Hedged ETF (TSE:RHP) gapped up by $0.38 today and has $54.05 target or 154.00% above today’s $21.28 share price. The 9 months technical chart setup indicates low risk for the $58.52M company. The gap was reported on Nov, 9 by Barchart.com. If the $54.05 price target is reached, the company will be worth $90.12M 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 22,254 shares traded hands or 2361.73% 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.