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Royal Gold (RGLD) Showing Bearish Technicals With Resistance At $80.27

May 19, 2017 ( via COMTEX) --

Royal Gold (<a href="">RGLD</a>) closed May 18, 2017 at $78.08 and technical indicators recently have been bearish. Based in part on those numbers,'s patented algorithms have identified a couple of attractive trading opportunities in Royal Gold for today. For investors looking for a high return, consider a diagonal spread pairing a long position in the Jan 19, 2018 $47.50 call and a short position in the Jun 16, 2017 $77.50 call for a net debit of about $28.50. This trade has an assigned return of 5.26% and 2.66% downside protection. For more a more conservative play, look at a covered call using the Jun 16, 2017 $77.50 call for a $75.32 net debit. This trade has an assigned return of 2.88% but the downside protection increases to 3.52%. Standard & PooraEUR(TM)s has a 4 STARS (out of 5) buy ranking and a 12-month target price of $85 on Royal Gold. Over the last 52 weeks the stock has traded between $51.76 and $87.74.A

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