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Royal Gold (RGLD) Showing Bearish Technicals With Resistance At $83.91

Dec 05, 2017 ( via COMTEX) --

After Dec 4, 2017aEUR(TM)s trading in Royal Gold (<a href="">RGLD</a>)'s option trade-picking algorithms uncovered a trade that offers a 5.42% or 14.57% (for comparison purposes only), while providing 7.55% downside protection. The trade is a Apr 20, 2018 covered call at the $80 level for a net debit of about $75.87. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $60 level. By buying the call for $24.35 instead of paying about $82.08 for the stock, the assigned return rate for this alternate trade is 10.19%, but the stock has to finish above $78.15 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $81.03 and $83.91, respectively.

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