The stock of RBC CANADIAN PREFERRED SHARE ETF (TSE:RPF) hit a new 52-week high and has $49.18 target or 132.00% above today’s $21.20 share price. The 8 months bullish chart indicates low risk for the $37.10M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $49.18 price target is reached, the company will be worth $48.97 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The ETF last traded at $21.2 per share. It is down 6.00% since October 12, 2016 and is uptrending. It has underperformed by 0.15% the S&P500.
More notable recent RBC CANADIAN PREFERRED SHARE ETF (TSE:RPF) news were published by: Theglobeandmail.com which released: “RBC launches new income ETFs as talk swirls it will launch its own robo-adviser” on September 20, 2016, also Theglobeandmail.com with their article: “Lowly preferred shares an intriguing bet for the brave investor” published on February 13, 2016, Business.Financialpost.com published: “Falling fees, more choices and the rise of preferred shares funds: ETF trends …” on October 07, 2016. More interesting news about RBC CANADIAN PREFERRED SHARE ETF (TSE:RPF) were released by: Marketwatch.com and their article: “RBC Global Asset Management Opens the Market” published on September 27, 2016 as well as Seekingalpha.com‘s news article titled: “How To Make 9%+ Annually With Canada’s Big Bank Preferreds” with publication date: March 01, 2016.
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.