ROYAL GOLD INC
(RGLD-Nasdaq):
Technical Viewpoint: From a low
of $28.24 on Jun 25, 2008 prices
rallied, reaching a
high of $33.83
on Jul 1, 2008. A
decline saw prices pull back, reaching a
low of
$31.00 on Jul 10, 2008.
Another rally saw prices penetrate
resistance, closing 7/11/08
at $34.25. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 1, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $31.00. Resistance: Is at $35.00.
Point & Figure: Reversed to the upside on Jul 1, 2008. A P&F upside
reversal takes place at $31.00. Summary: Technical indicators have turned bullish. BUY! Royal Gold Inc
(RGLD-Nasdaq) @ $34.75 Stop: Use a protective stop of $32.75.
Royal Gold Inc is currently trading @ $34.25 plus $1.79 on Jul 11, 2008. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $12.75. Today's Risk Reward Ratio: 6:1
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