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Royal Gold (RGLD) Trading Near $85.48 Resistance Level

Mar 07, 2018 ( via COMTEX) --

After Mar 6, 2018aEUR(TM)s trading in Royal Gold (<a href="">RGLD</a>)'s patented algorithms uncovered a trade that offers a 2.91% return or 24.21% on an annualized basis (for comparison purposes only), while providing 4.06% downside protection. The trade is a Apr 20, 2018 covered call at the $82.50 level for a net debit of about $80.15. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $32.50 level. By buying the call for $52.35 instead of paying about $83.55 for the stock, the assigned return rate for this alternate trade is 2.14%, but the stock has to finish above $81.45 when the sold call expires for this trade to be profitable. 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 $81.44 and $85.48, respectively.

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