SmarTrend identified a Downtrend for Royal Gold Inc (NASDAQ:RGLD) on August 12th, 2020 at $131.45. In approximately 6 months, Royal Gold Inc has returned 17.03% as of today's recent price of $109.06.

Royal Gold Inc share prices have moved between a 52-week high of $147.64 and a 52-week low of $59.78 and are now trading 83% above that low price at $109.17 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Royal Gold, Inc. acquires and manages precious metals royalties. The Company seeks to acquire existing royalties or to finance projects that are in production or near production in exchange for royalty interests. Royal Gold's gold-focused portfolio contains royalties ranging from those in production and development to those in the evaluation and exploration stages.

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 Inc.

Log in and add Royal Gold Inc (RGLD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to SmarTrend at cs@mysmartrend.com

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