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Royal Gold (RGLD) Showing Bearish Technicals

Jun 14, 2018 ( via COMTEX) --

For a hedged play on Royal Gold (<a href="">RGLD</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms selected a Oct 19, 2018 $90 covered call for a net debit in the $86.14 area. That is also the break-even stock price for the covered call. This trade will return 4.48%, or 12.87% annualized (for comparison purposes only), in 127 days. This covered call also provides 6.10% downside protection. A lower-cost play on Royal Gold would use a longer term call option in place of the long position in the stock. Look at the Jan 18, 2019 $70 call and the same sold call for a net debit of $18.15.This trade only has 3.91% downside protection, but the assigned return rate rises to 10.19% or an annualized rate of 29.29% (for comparison purposes only). The current 52-week low is $74.35 and the 52-week high is $94.39. Royal Gold stock has been showing support around $89.15 and resistance in the $94.19 range. The stock closed Jun 13, 2018's trading session at $91.73.A

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