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

By James Quinn

Range Resources (NYSE:RRC) crossed under its 10-day moving average of $22.60 on a volume of 882K 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, Range Resources share prices have been bracketed by a low of $20.94 and a high of $46.96 and are now at $22.46, 7% 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 recommended that its subscribers protect gains by selling shares of Range Resources on April 25th, 2017 by issuing a Downtrend alert when the shares were trading at $26.96. Since that call, shares of Range Resources have fallen 12.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses range resources

Ticker(s): RRC