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Royal Gold (RGLD) Trading Near $84.36 Resistance Level

Mar 08, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Royal Gold (<a href="">RGLD</a>). Look at the Apr 20, 2018 $80 covered call for a net debit in the $78 area.<br /> <br /> This trade has a duration of 43 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.76% downside protection. If the stock closes at or above $80 at expiration this trade will return 2.55% or 21.65% (for comparison purposes only). <br /> <br /> RGLD closed Mar 7, 2018's trading session at $81.91. In the past year, the stock has hit a 52-week low of $61 and 52-week high of $94.39. Royal Gold stock has been showing support around $80.48 and resistance in the $84.36 range. Recent technical indicators for the stock are bearish.

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