Trade Alert – Royal Bank of Canada Stock (RY) for Feb 20 2015

The recent rally in Canada’s big banks has run out of steam for the present. Those investors who bought into the banks are obviously bailing now and as the moves today are quite a bit lower, you can see that larger investors are now leaving our banks as well.

Royal Bank Stock Chart To Feb 20 2015

Looking at the chart of Royal Bank of Canada Stock is similar to all the big banks in Canada. The pattern continues to support the belief that the banks are going to move lower here. You can see the distinctive pattern of lower highs which has plagued Royal Bank Stock since the start of December.

The money flow indicator shows that the latest rally ended with a strong overbought condition and now investors are bailing out again.

In general though, Royal Bank Stock is still holding the 20 day simple moving average (SMA) which may be signaling that this move lower will be temporary.

Royal Bank Of Canada Stock to Feb 20 2015

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The rest of this article and my trade alert and strategy discussion is for Canada Members. As I trade Royal Bank of Canada stock only on Toronto and in Canadian currency this article is posted to the Canada Members section.

Royal Bank of Canada Stock Trade Alert

This Royal Bank of Canada trade alert and strategy discussion article is for FullyInformed Canada members. FullyInformed Canada Members can login directly through this link or they can sign in to the full members site here. Non-members can join here or read about the benefits of a membership.

Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.