Royal Bank - home run

On Feb. 18, 2005 we wrote: "Royal Bank ($66.25) is at a new 12 month high. Going through $64.50 was an upside breakout and the technical expectation is for a move to the $70-$72 range. Also on our analysis it still maintains its No.1 rating."

One week later the stock closed at $73.10! Whoopee!

Much of the time when a stock goes to a new high it keeps on going. Also we showed a chart for RY with a clear and distinct breakout suggesting to this observer that RY had seen the worst of its troubles in the U.S. Especially when there had been little indication that Mr. Dixon (CEO) was in any difficulty.