Royal Gold (RGLD)
This company, together with its subsidiaries, is engaged in the business of acquiring and managing precious metals royalties and similar interests derived from production. This stock is trading up 2% at $76.40 in recent trading.Today's Volume: 957,000 Average Volume: 704,305 Volume % Change: 60% From a technical perspective, RGLD is breaking out here above Friday's high $75.30 with above-average volume. Trades should continue to look for long-biased trades as long as RGLD is tending above $75.30, and today's low of $74.21 with strong upside volume flows. I would consider any upside volume day that registers near or above 704,305 shares as bullish. If we continue to see that strength, then RGLD should easily hit its February high of $78.32 soon and potentially take it out. On the flipside, I would look for short-biased trades if RGLD moves back below today's low of $74.12 with heavy volume.
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