Royal Gold Bullish Moving Average Crossover Alert (RGLD)
Royal Gold (NASDAQ:RGLD) crossed over its 10-day moving average of $80.61 on a volume of 158K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Royal Gold share prices have been bracketed by a low of $55.00 and a high of $100.84 and are now at $81.82, 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of Royal Gold on October 11th, 2012 by issuing a Downtrend alert when the shares were trading at $91.33. Since that call, shares of Royal Gold have fallen 12.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Royal Gold