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Bearish Moving Average Cross by Royal Gold Inc (RGLD)

By Nick Russo

Today, shares of Royal Gold Inc (NASDAQ:RGLD) have crossed bearishly below their 10-day moving average of $126.52 on a volume of 110K 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.

In the past 52 weeks, Royal Gold Inc share prices have been bracketed by a low of $70.16 and a high of $138.78 and are now at $125.39, 79% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.2%.

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