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Royal Gold (RGLD) Showing Bearish Technicals With Resistance At $83.94

Feb 08, 2018 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center Aare highlighting two trades on Royal Gold (<a href="http://www.marketintelligencecenter.com/symbol/RGLD">RGLD</a>) today after it closed at $80.69 on Feb 7, 2018. For more conservative investors, look at a covered call using the Mar 16, 2018 $80 call for a net debit of about $77.48. This trade will return 3.23% (32.84% annualized, for comparison purposes only) as long as the stock closes above $80 at expiration. Royal Gold can fall 3.96% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $35 call taking the place of the long stock position and the same short position in the Mar 16, 2018 $80 call. This trade only costs about $43.85 to get into and the rate of return increases to 2.62% (32.84% annualized, for comparison purposes only) but the downside protection falls to 2.28%.

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