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

By Amy Schwartz

Today, shares of Royal Bank of Canada (NYSE:RY) have crossed bullishly above their 10-day moving average of $59.61 on a volume of 295K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $59.95, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

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