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Royal Gold Bullish Moving Average Crossover Alert (RGLD)

By Shiri Gupta

Royal Gold (NASDAQ:RGLD) shares have crossed bullishly above their 10-day moving average of $59.13 on a volume of 137K 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 $59.88, 143% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.9%.

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

Keywords: moving crosses Royal Gold

Ticker(s): RGLD