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ROYAL GOLD INC
(RGLD-Nasdaq):
Technical Viewpoint: From a low
of $15.27 on Oct 21, 2002 prices
rallied, reaching a
high of $20.44
on Nov 8, 2002. A
decline saw prices pull back, reaching a
low of
$16.52 on Nov 29, 2002.
Another rally saw prices penetrate
resistance, closing 12/23/02
at $23.96. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 5, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $21.00. Resistance: Is at $25.19.
Point & Figure: Reversed to the upside on Dec 19, 2002. A P&F upside
reversal takes place at $22.00. Summary: Technical indicators have turned bullish. BUY! ROYAL GOLD INC
(RGLD-Nasdaq) @ $24.13 Stop: Use a protective stop of $22.13.
ROYAL GOLD INC is currently trading @ $23.96 plus $1.67 on Dec 23, 2002. Price Objective:
$37.00. Risk/Reward: $2.00 VS. $12.88. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$37.00
Risk/Reward:
$2.00 VS. $12.88
Risk/Reward Ratio:
6:1
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