Is RBC QUANT CDN DIVIDEND LEADERS ETF a Buy? The Stock Gapped Up Today

 Is RBC QUANT CDN DIVIDEND LEADERS ETF a Buy? The Stock Gapped Up Today

The stock of RBC QUANT CDN DIVIDEND LEADERS ETF (TSE:RCD) gapped up by $0.03 today and has $36.58 target or 84.00% above today’s $19.88 share price. The 7 months technical chart setup indicates low risk for the $99.84 million company. The gap was reported on Nov, 21 by Barchart.com. If the $36.58 price target is reached, the company will be worth $83.87 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 25,533 shares traded hands or 146.89% up from the average. RBC QUANT CDN DIVIDEND LEADERS ETF (TSE:RCD) has risen 3.78% since April 19, 2016 and is uptrending. It has underperformed by 0.08% the S&P500.

More notable recent RBC QUANT CDN DIVIDEND LEADERS ETF (TSE:RCD) 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: “RBC launches first EAFE dividend ETF in Canada” published on January 15, 2014, Theglobeandmail.com published: “Dividend ETFs have their appeal, but don’t dismiss mutual fund rivals” on November 22, 2014. More interesting news about RBC QUANT CDN DIVIDEND LEADERS ETF (TSE:RCD) were released by: Theglobeandmail.com and their article: “Five things your dividend ETF isn’t telling you” published on July 08, 2014 as well as Business.Financialpost.com‘s news article titled: “How to find the top US dividend funds” with publication date: August 22, 2014.

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