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Range Resources Crosses Above its 10-day MA (RRC)

By Amy Schwartz

Today, shares of Range Resources (NYSE:RRC) have crossed bullishly above their 10-day moving average of $40.31 on a volume of 381K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher 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 $40.92, 113% 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 monitoring the recent change of momentum in Range Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Range Resources in search of a potential trend change.

Keywords: moving crosses range resources

Ticker(s): RRC