OptionsPlay DailyPlay

The bearish DailyPlay we chose for Monday November 30th is Royal Gold Inc (RGLD). RGLD is part of the Materials Sector (XLB). Over the last month, XLB has experienced a 1.09% move higher but its 6m trend remains neutral and has failed to break above its $46 resistance twice this month.

Royal Gold Inc’s 1m and 6m trends just turned bearish on 10/29 and recently broke below its $45 support level on high volume which now becomes resistance. With a technical score of 1 (out of 10), RGLD looks positioned to continue this strong bearish trend lower.

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