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Royal Gold Inc Set to Possibly Rebound After Yesterday's Selloff of 1.77%

By James Quinn

Royal Gold Inc (NASDAQ:RGLD) traded in a range yesterday that spanned from a low of $101.43 to a high of $103.69. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $104.25 on volume of 314,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Royal Gold Inc and will alert subscribers who have RGLD in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Royal Gold Inc has traded in a range of $80.65 to $138.78 and is now at $103.29, 28% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.8%.

Keywords: rebounders royal gold inc

Ticker(s): RGLD