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Bearish Moving Average Cross by Royal Gold Inc (RGLD)

By Nick Russo

Royal Gold Inc (NASDAQ:RGLD) shares have crossed bearishly below their 10-day moving average of $127.04 on a volume of 149K shares. This may provide short-term investors a chance 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 $124.35, 77% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 0.7%.

SmarTrend is tracking the current trend status for Royal Gold Inc and will alert subscribers who have RGLD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses royal gold inc

Ticker(s): RGLD