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Royal Gold (RGLD) Showing Resistance Near $85.50

Feb 07, 2018 ( via COMTEX) --

After Feb 6, 2018aEUR(TM)s trading in Royal Gold (<a href="">RGLD</a>) the option-trade picking algorithms that power's Artificial Intelligence Center uncovered a trade that offers a 2.86% return, or 28.28% annualized (for comparison purposes only), while providing 5.12% downside protection. The trade is a Mar 16, 2018 covered call at the $80 level for a net debit of about $77.76. The net debit is also the breakeven point for this trade. Standard & PooraEUR(TM)s has a 3 STARS (out of 5) hold ranking on Royal Gold. Technical indicators for the stock have been bearish and support and resistance have been in the area of $79.64 and $85.50, respectively.

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