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Royal Gold (RGLD) Trading Near $84.91 Support Level

Feb 12, 2019 (Marketintelligencecenter.com via COMTEX) --

MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Royal Gold (<a href="http://www.marketintelligencecenter.com/symbol/RGLD">RGLD</a>). Look at the Mar 15, 2019 $85 covered call for a net debit in the $83.17 area.<br /> <br /> This trade has a duration of 31 days. The break-even point of this trade is the same as the net debit, which gives this trade 3.70% downside protection. If the stock closes at or above $85 at expiration this trade will return 2.18% or 25.76% (for comparison purposes only). <br /> <br /> RGLD closed Feb 11, 2019's trading session at $86.37. In the past year, the stock has hit a 52-week low of $70.16 and 52-week high of $98.53. Royal Gold stock has been showing support around $84.91 and resistance in the $87.55 range. Recent technical indicators for the stock are bearish.

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