Harry Aloof
07-14-2008, 11:14 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
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 line "A", closing yesterday 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 downside 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
http://18004wallstreet.com/images/charts/Chart2305-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
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 line "A", closing yesterday 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 downside 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
http://18004wallstreet.com/images/charts/Chart2305-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)