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Royal Gold (RGLD) Showing Support Near $87.55

Nov 08, 2017 ( via COMTEX) --

After Nov 7, 2017aEUR(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 2.04% return, or 20.13% annualized (for comparison purposes only), while providing 3.70% downside protection. The trade is a Dec 15, 2017 covered call at the $87.50 level for a net debit of about $85.75. 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 $87.55 and $90.21, respectively.

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