Range Resources's most recent trend suggests a bearish bias. One trading opportunity on Range Resources is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 16.28% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $67.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Range Resources is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Range Resources is bearish.
The RSI indicator is at 31.14 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Range Resources
RANGE RESOURCES CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
Wed, 20 May 2015 15:42:44 GMT
Bulls roam in Range Resources
Tue, 19 May 2015 11:47:54 GMT
optionMONSTER – Traders are looking for Range Resources to rally in the next month. More than 6,000 June 65 calls were purchased for $0.80 to $1 yesterday, according to optionMONSTER's Heat Seeker tracking program. This …
Making Money With Charles Payne: 05/18/15
Mon, 18 May 2015 22:00:27 GMT
Also on Market Tamer…
Follow Us on Facebook