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After Yesterday's Rally of 2.02% Shares Could Potentially Pullback

By Shiri Gupta

Royal Gold Inc (NASDAQ:RGLD) traded in a range yesterday that spanned from a low of $81.26 to a high of $83.24. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $82.64 on volume of 248,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Royal Gold Inc have traded between a low of $60.21 and a high of $87.74 and are now at $83.24, which is 38% above that low price. Over the last five market days, 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 Inc on June 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.76. Since that recommendation, shares of Royal Gold Inc have risen 3.6%. We continue to monitor RGLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders royal gold inc

Ticker(s): RGLD