Royal Gold Bullish Moving Average Crossover Alert (RGLD)
Royal Gold (NASDAQ:RGLD) crossed over its 10-day moving average of $77.28 on a volume of 447K 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.
Royal Gold share prices have moved between a 52-week high of $100.84 and a 52-week low of $38.63 and are now trading 101% above that low price at $77.61 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.7%.
SmarTrend recommended that subscribers consider buying shares of Royal Gold on June 12th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $65.81. Since that recommendation, shares of Royal Gold have risen 17.2%. We continue to monitor RGLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Royal Gold