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SmarTrend Watching for Potential Pullback in Shares of Royal Gold Inc After 1.21% Gain

By Shiri Gupta

Royal Gold Inc (NASDAQ:RGLD) traded in a range yesterday that spanned from a low of $93.50 to a high of $96.07. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $94.71 on volume of 150,000 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 $70.16 to $98.53 and is now at $95.59, 36% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Royal Gold Inc on May 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.24. Since that recommendation, shares of Royal Gold Inc have risen 9.7%. 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