Range Resources's most recent trend suggests a bearish bias. One trading opportunity on Range Resources is a Bear Call Spread using a strike $52.50 short call and a strike $57.50 long call offers a potential 8.7% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $57.50 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 24.07 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
NYSE stocks posting largest percentage increases
Sat, 10 Jan 2015 01:18:12 GMT
AP – A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.: Athlon Energy Inc. rose 24.7 percent to $58.27. NiSource Inc. rose 6.8 percent to $41.19. Smart & Final Strs rose 6.5 percent …
First natural gas inventory report for 2015 looks bullish
Fri, 09 Jan 2015 20:41:11 GMT
An overview of the natural gas compression industry
Wed, 07 Jan 2015 16:52:41 GMT
Natural gas prices finish the year with first annual drop since 2011
Tue, 06 Jan 2015 14:56:01 GMT
Natural Gas No Savior for Investors Seeking Oil Refuge
Tue, 06 Jan 2015 10:00:01 GMT
Also on Market Tamer…
Follow Us on Facebook