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Look for Shares of Royal Gold Inc to Potentially Pullback after Yesterday's 1.52% Rise

By Shiri Gupta

Royal Gold Inc (NASDAQ:RGLD) traded in a range yesterday that spanned from a low of $76.50 to a high of $77.75. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $76.67 on volume of 93,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Royal Gold Inc has traded in a range of $60.21 to $98.53 and is now at $76.30, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Royal Gold Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Royal Gold Inc in search of a potential trend change.

Keywords: rebounders royal gold inc

Ticker(s): RGLD