Range Resources Bearish Moving Average Crossover Alert (RRC)
Range Resources (NYSE:RRC) crossed under its 10-day moving average of $44.09 on a volume of 771K 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, Range Resources share prices have been bracketed by a low of $19.21 and a high of $65.53 and are now at $41.65, 117% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.6% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for Range Resources and will alert subscribers who have RRC in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses range resources