The stock of RBC QUANT US DIV LEADERS ETF (TSE:RUD) gapped down by $0.16 today and has $26.15 target or 9.00% below today’s $28.74 share price. The 8 months technical chart setup indicates high risk for the $287.92M company. The gap down was reported on Dec, 1 by Barchart.com. If the $26.15 price target is reached, the company will be worth $25.91M 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 20,440 shares traded hands or 152.60% up from the average. RBC QUANT US DIV LEADERS ETF (TSE:RUD) has risen 15.62% since April 29, 2016 and is uptrending. It has outperformed by 9.70% the S&P500.
More notable recent RBC QUANT US DIV LEADERS ETF (TSE:RUD) news were published by: Finance.Yahoo.com which released: “RBC Global Asset Management Inc. announces RBC ETF cash distributions for …” on September 06, 2016, 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: “How to find the top US dividend funds” on August 22, 2014. More interesting news about RBC QUANT US DIV LEADERS ETF (TSE:RUD) were released by: Business.Financialpost.com and their article: “RBC launches first EAFE dividend ETF in Canada” published on January 15, 2014 as well as Theglobeandmail.com‘s news article titled: “New ETF will give Canadians exposure to dividends in US tech sector” with publication date: February 24, 2015.
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