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Range Resources Bearish Moving Average Crossover Alert (RRC)

By David Diaz

Today, shares of Range Resources (NYSE:RRC) have crossed bearishly below their 10-day moving average of $14.89 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Range Resources have traded between a low of $11.93 and a high of $46.96 and are now at $14.73, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 4.60% higher over the past week, respectively.

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

Ticker(s): RRC