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Royal Gold Down 11.4% Since SmarTrend Downtrend Call (RGLD)
Nov 16, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Royal Gold (NASDAQ:RGLD) on October 11th, 2012 at $91.33. In approximately 1 month, Royal Gold has returned 11.37% as of today's recent price of $80.95.
In the past 52 weeks, Royal Gold share prices have been bracketed by a low of $55.00 and a high of $100.84 and are now at $80.95, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.
Royal Gold, Inc. is a United States-based precious metals royalty company that invests in public companies that hold and manage royalties on precious metals properties. The Company holds investments in a number of properties located in the United States, Argentina, Greece, and Bulgaria.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Royal Gold.
Log in and add Royal Gold (RGLD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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