Royal Gold Bullish Moving Average Crossover Alert (RGLD)
Today, shares of Royal Gold (NASDAQ:RGLD) have advanced above their 10-day MA of $50.16 on a volume of 160K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Royal Gold have traded between a low of $38.63 and a high of $100.84 and are now at $50.26, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of Royal Gold on June 12th, 2015 by issuing a Downtrend alert when the shares were trading at $63.28. Since that call, shares of Royal Gold have fallen 22.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Royal Gold