Range Resources's most recent trend suggests a bearish bias. One trading opportunity on Range Resources is a Bear Call Spread using a strike $32.00 short call and a strike $37.00 long call offers a potential 23.46% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $32.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $37.00 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 48.34 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Range Resources
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Why free cash flow — and opportunities — are accelerating at Range Resources
Wed, 27 Apr 2022 16:39:21 +0000
Range Resources reported the highest level of free cash flow in its 46-year history amid way higher than anticipated natural gas prices.
Range Resources (RRC) Q1 Earnings Top Estimates, Revenues Miss
Wed, 27 Apr 2022 14:56:02 +0000
Higher realizations of commodity prices aid Range Resources' (RRC) earnings in Q1.
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