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Range Resources Bullish Moving Average Crossover Alert (RRC)

By David Diaz

Today, shares of Range Resources (NYSE:RRC) have advanced above their 10-day MA of $16.84 on a volume of 525K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Range Resources has traded in a range of $11.93 to $23.30 and is now at $16.97, 42% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Range Resources on May 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.69. Since that recommendation, shares of Range Resources have risen 6.7%. We continue to monitor RRC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses range resources

Ticker(s): RRC