Royal Bank looking a little flush - High Valuation Signal

1. We identified Royal bank at a low valuation at $50 and lower in August 2011.

2. Profits (EPS) are becoming more volatile which tells us that trading ranges will likely be broader in the near future and the Price Earnings (PE) multiple will be steady to lower.

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4. We currently see Royal Bank triggering the high value of the range at $56.90 (RY-T, $ 57.15).

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