Recent 52-Week High Exceeded in Shares of Royal Bank of Canada (RY)

Published on Fri, 06/20/2014 - 16:37
By Robert Cotter in 52 Week high-lows, RY, 52 week high/lows, nyse:ry, royal bank of canada

Shares of Royal Bank of Canada (NYSE:RY) traded today at $70.03, breaking its 52-week high. So far today approximately 190,000 shares have been exchanged, as compared to an average 30-day volume of 388,000 shares.

In the past 52 weeks, shares of Royal Bank of Canada have traded between a low of $55.49 and a high of $70.03 and are now at $69.68, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Royal Bank of Canada (NYSE:RY) has potential upside of 5.7% based on a current price of $69.68 and analysts' consensus price target of $73.64. The stock should find initial support at its 50-day moving average (MA) of $67.63 and further support at its 200-day MA of $65.92.

Royal Bank of Canada is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services. Royal Bank offers its services to personal, business, public sector and institutional clients with operations worldwide.

By Robert Cotter
rcotter@fnno.com

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