One of today's notable stocks in decline is Royal Bank of Canada (NYSE:RY), down 1.2% to $73.77. The S&P is trading fractionally lower to 1,991 and the Dow is trading fractionally lower to 17,026.
In the past 52 weeks, Royal Bank of Canada share prices have been bracketed by a low of $60.76 and a high of $75.08 and are now at $73.77, 21% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.62% higher over the past week, respectively.
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.
Royal Bank of Canada has overhead space with shares priced $73.77, or 1.4% below the average consensus analyst price target of $74.83. The stock should discover initial support at its 50-day moving average (MA) of $72.49 and subsequent support at its 200-day MA of $67.63.