Range Resources Crosses Below its 10-day MA (RRC)
Range Resources (NYSE:RRC) shares have crossed bearishly below their 10-day moving average of $38.37 on a volume of 590K 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.
Over the past year, Range Resources has traded in a range of $19.21 to $65.53 and is now at $37.67, 96% above that low. 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