Royal Bank of Canada Crosses Below its 10-day MA (RY)
Today, shares of Royal Bank of Canada (NYSE:RY) have fallen below their 10-day MA of $59.50 on a volume of 201K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Royal Bank of Canada share prices have moved between a 52-week high of $66.72 and a 52-week low of $44.37 and are now trading 34% above that low price at $59.29 per share. The 200-day and 50-day moving averages have moved 0.01% higher and 1.27% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Royal Bank of Canada. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Royal Bank of Canada in search of a potential trend change.
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