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Royal Gold (RGLD) Showing Bearish Technicals

Apr 16, 2018 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Royal Gold (<a href="http://www.marketintelligencecenter.com/symbol/RGLD">RGLD</a>). Look at the May 18, 2018 $87.50 covered call for a net debit in the $85.29 area.<br /> <br /> This trade has a duration of 32 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.94%. If the stock closes at or above $87.50 at expiration this trade will return 2.58% or 29.55% (for comparison purposes only). <br /> <br /> RGLD closed Apr 13, 2018's trading session at $88.79. In the past year, the stock has hit a 52-week low of $67.10 and 52-week high of $94.39. Royal Gold stock has been showing support around $86.99 and resistance in the $90.39 range. Technical indicators for the stock are bearish and S&P gives RGLD 3 STARS (out of 5) hold ranking.

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