Red Alert: Royal Gold Inc. (NASDAQ:RGLD)

Profile: Royal Gold, Inc.acquires and operates precious metals royalties. The company owns royalty interests in various production, development, evaluation, and exploration stage projects, which explore for gold, silver, copper, lead, and zinc metals. It holds royalty interests in properties located in the United States, Argentina, Australia, Bolivia, Brazil, Burkina Faso, Canada, Chile, Colombia, the Dominican Republic, Finland, Ghana, Guatemala, Honduras, Mexico, Nicaragua, Peru, the Russia Federation, Spain, and Tunisia. The company was founded in Y 1981 and is based in Denver, Colorado.

Sector: Basic Materials, Gold

Website: http://www.royalgold.com

LTN's Pattern Recognition Analyst, Paul A. Ebeling, Jnr. notes the continuation of the Bullish trend for Royal Gold Inc.

Shares of RGLD closed Thursday at 82.34, and opened Friday at 82.12. RGLD closed the session Friday at 81.26 -1.08  (1.31%).

The price range Friday was between 80.75, and 83.69.

Volume: 959,348/shrs is more than its 3 mo average volume of 808,714/shrs.

RGLD is trading above its 20, 50 and 200-Day Moving Averages.

My Technical Indicators augur strong Bullish price action in here as the stock make a 52 wk high and bested LTN's 1 yr price target of 83.10

The stock's 52 wk low is 45.37, and 52 week high is 83.69, its P/E ratio is 62.99, its EPS is 1.29, its RSI is 69.27, Beta is 0.32 , the Div & Yield is 0.44 (0.54%), and the P/C ratio is 0.26.

Performance Metrics for: Wk. +6.03%, Mo.+18.14%, Q. + 41.05%, 6 Mo. 66.79%: Yr.+69.68%

RGLD AnalysisOverallShortIntermediateLong
Very Bullish (0.51)Bullish (0.44)Bullish (0.43)Very Bullish (0.67)
Recent CandleStick Analysis   Very Bearish
DateCandle
9 Sept 2011Bearish Harami
7 Sept 2011Dragon Fly DOJI
Open Gaps
DirectionDateRange
Up 8 Sept 201179.32 to 80.02
Up13 Jul 201162.64 to 63.13
Up   5Jul 201158.36 to 58.4
Support/Resistance
TypeValueConf.
resist.81.811
supp79.645
supp77.422
supp70.046
supp68.174
supp66.924
supp65.513
supp62.5610
supp58.382
supp56.244
supp54.312
Chart Indicators
Ind.ShortInterLong
EMAVBuVBuVBu
MACDVBuVBuVBu
RSIBu
TDDBu
FibsBuBeVBu
HighsVBuNN
LowsVBuNN
TrendsVBuVBuVBu
Stoch.VBu

VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish

1 yr Price Target Price Estimate: 117.69

Earnings Date: 11 Nov 2011

Analysts' Recommendation: Buy

 

 

Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster's Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.