Mar 20, 2017 (Marketintelligencecenter.com via COMTEX) --
For a hedged play on Royal Gold (<a href="http://www.marketintelligencecenter.com/symbol/RGLD">RGLD</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Apr 21, 2017 $62.50 covered call for a net debit in the $61.24 area. That is also the break-even stock price for the covered call. This trade will return 2.04%, or 23.46% annualized (for comparison purposes only), in 32 days. This covered call also provides 5.54% downside protection. The current 52-week low is $48.56 and the 52-week high is $87.74. Royal Gold stock has been showing support around $63.57 and resistance in the $66.43 range. The stock closed Mar 17, 2017's trading session at $64.82. Technical indicators for the stock are bearish and S&P gives RGLD a 4 STARS (out of 5) buy ranking.
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