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Bullish Moving Average Cross by Royal Gold (RGLD)

By Shiri Gupta

Today, shares of Royal Gold (NASDAQ:RGLD) have advanced above their 10-day MA of $55.50 on a volume of 140K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Royal Gold has traded in a range of $24.68 to $77.20 and is now at $55.86, 126% above that low. The 200-day and 50-day moving averages have moved 0.24% higher and 2.47% higher over the past week, respectively.

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

Keywords: moving crosses Royal Gold

Ticker(s): RGLD