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Royal Gold (RGLD) Trading Near $77.20 Resistance Level

Dec 06, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Royal Gold (<a href="http://www.marketintelligencecenter.com/symbol/RGLD">RGLD</a>) MarketIntelligenceCenter.comaEUR(TM)s patented trade-picking algorithms recommend the Jan 18, 2019 $75 covered call for a net debit in the $72.62 area. That is also the break-even stock price for the covered call. This trade will return 3.27%, or 27.80% annualized (for comparison purposes only), in 43 days. This covered call also provides 3.96% downside protection. The current 52-week low is $70.16 and the 52-week high is $98.53. Royal Gold stock has been showing support around $74.56 and resistance in the $77.20 range. The stock closed Dec 5, 2018's trading session at $75.62. Technical indicators for the stock are bearish and S&P gives RGLD a 3 STARS (out of 5) hold ranking.

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