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Royal Gold (RGLD) Showing Bearish Technicals With Resistance At $89.40

Aug 11, 2017 ( via COMTEX) --

For a hedged play on Royal Gold (<a href="">RGLD</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Sep 15, 2017 $85 covered call for a net debit in the $83.33 area. That is also the break-even stock price for the covered call. This trade will return 1.99%, or 20.77% annualized (for comparison purposes only), in 35 days. This covered call also provides 3.91% downside protection. The current 52-week low is $60.21 and the 52-week high is $88.03. Royal Gold stock has been showing support around $84 and resistance in the $89.40 range. The stock closed Aug 10, 2017's trading session at $86.73. Technical indicators for the stock are bearish and S&P gives RGLD a 3 STARS (out of 5) hold ranking.

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