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.