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Range Resources Looks to Continue to Trade Below its Annual-Low Share Price Today

By Nick Russo

Range Resources (NYSE:RRC) traded today at a new 52-week low of $5.18. Approximately 2.6 million shares have changed hands today, as compared to an average 30-day volume of 8.9 million shares.

Range Resources Corporation is an independent oil and gas company that explores, develops, and acquires oil and gas properties. The Company conducts operations primarily in the Southwestern, Appalachian, and Gulf Coast regions of the United States.

Range Resources (NYSE:RRC) has potential upside of 313.9% based on a current price of $5.18 and analysts' consensus price target of $21.44. The stock should run into initial resistance at its 50-day moving average (MA) of $7.43 and subsequent resistance at its 200-day MA of $11.28.

In the past 52 weeks, shares of Range Resources have traded between the current low of $5.18 and a high of $18.60 and are now at $5.18. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.7% while the 200-day MA has slid 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Range Resources on February 6th, 2019 by issuing a Downtrend alert when the shares were trading at $10.40. Since that call, shares of Range Resources have fallen 49.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows range resources

Ticker(s): RRC