On a relative basis, the stock has outperformed the S&P 500 by 4.22% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.02% in the last 1 week, and is up 4.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.86% and the 50-Day Moving Average is 3.21%.The 200 Day SMA reached 11.73%. Royal Bank of Canada is up 2.44% in the last 3-month period. Year-to-Date the stock performance stands at 21.01%.
Royal Bank Of Canada (NYSE:RY): After opening at $62.77, the stock dipped to an intraday low of $62.62 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $63.05 and the buying power remained strong till the end. The stock closed at $62.77 for the day, a gain of 0.79% for the day session. The total traded volume was 993,112. The stocks close on the previous trading day was $62.28.
Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada, United States and Other International.