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Royal Gold (RGLD) Showing Bearish Technicals

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligenceCenter.com's patented algorithms on Royal Gold (<a href="http://www.marketintelligencecenter.com/symbol/RGLD">RGLD</a>) could yield about 2.92% (30.45% annualized, for comparison purposes only) in 35 days. Pair a long position in the stock with the Mar 16, 2018 $80 call for a net debit of about $77.72. This position also has 5.35% downside protection. For a less expensive, but riskier, option consider a diagonal spread using the same sold call and a long position in the Jan 18, 2019 $37.50 call for a net debit of about $41.65. While this trade has a higher yield at 2.04%, the downside protection falls to 5.35%. Royal Gold closed at $82.12 Feb 8, 2018. Technical indicators for RGLD are bearish and support and resistance have been about $78.54 and $88.26, respectively.A

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