Royal Gold Crosses Below its 10-day MA (RGLD)
Royal Gold (NASDAQ:RGLD) crossed under its 10-day moving average of $66.29 on a volume of 150K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Royal Gold have traded between a low of $24.68 and a high of $77.20 and are now at $65.73, which is 166% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.5%.
SmarTrend recommended that subscribers consider buying shares of Royal Gold on June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.51. Since that recommendation, shares of Royal Gold have risen 8.2%. 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