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Royal Bank of Canada Bearish Moving Average Crossover Alert (RY)

By Amy Schwartz

Royal Bank of Canada (NYSE:RY) crossed under its 10-day moving average of $61.50 on a volume of 355K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Royal Bank of Canada have traded between a low of $44.37 and a high of $66.72 and are now at $60.14, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for Royal Bank of Canada and will alert subscribers who have RY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses royal bank of canada

Ticker(s): RY