Long Trade: Royal Gold (RGLD) Stock, AIRN
The market is turning back up this morning as it was down for a while. I do not see much action today as we are waiting for the government job report tomorrow. I don’t expect much action today. I entered into a long trade with Royal Gold (RGLD) at $32.50 this morning. It showed great resistance bouncing off the EMA(21) and now above the EMA(9) these are magic support lines. Additionally there was a high volume high on 8/8 at $31.83 with 1.8MM shares. Keep your stop just under the EMA(9).
AIRN - (AIRN: 2.65 +0.08 +3.11%, short ratio 2.20) This is acting nice this morning up 3% at $2.67 on already stronger volume then yesterday. This is still on track to head towards $3.00.
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