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Royal Gold (RGLD) Showing Bearish Technicals With Resistance At $91.02

Nov 07, 2017 ( via COMTEX) --

After Nov 6, 2017aEUR(TM)s trading in Royal Gold (<a href="">RGLD</a>) the algorithms behind's Artifical Intelligence Center picked out a trade that offers a 2.21% or 21.32% (for comparison purposes only), while providing 3.60% downside protection. The trade is a Dec 15, 2017 covered call at the $87.50 level for a net debit of about $85.59. The net debit is also the breakeven point for this trade. Technical indicators for the stock have been bearish recently and support and resistance have been in the area of $84.90 and $91.02, respectively.

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