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Bearish Moving Average Cross by Royal Gold Inc (RGLD)

By Shiri Gupta

Royal Gold Inc (NASDAQ:RGLD) crossed under its 10-day moving average of $76.62 on a volume of 145K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Royal Gold Inc has traded in a range of $60.21 to $98.53 and is now at $76.37, 27% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.9%.

SmarTrend is monitoring the recent change of momentum in Royal Gold Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Royal Gold Inc in search of a potential trend change.

Keywords: moving crosses royal gold inc

Ticker(s): RGLD