Bearish Moving Average Cross by RPC (RES)
Today, shares of RPC (NYSE:RES) have crossed bearishly below their 10-day moving average of $14.32 on a volume of 132K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, RPC share prices have been bracketed by a low of $8.45 and a high of $16.26 and are now at $14.18, 68% above that low price. The 200-day and 50-day moving averages have moved 0.25% higher and 0.56% higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in RPC. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of RPC in search of a potential trend change.