• Return to Headlines

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

By Amy Schwartz

Shares of Range Resources (NYSE:RRC) traded today at $17.15, breaking its 52-week low. So far today approximately 706,000 shares have been exchanged, as compared to an average 30-day volume of 4.6 million shares.

In the past 52 weeks, Range Resources share prices have been bracketed by a current low of $17.15 and a high of $46.96 and are now at $17.18. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 4.6%.

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.

Potential upside of 123.0% exists for Range Resources, based on a current level of $17.18 and analysts' average consensus price target of $38.31. Range Resources shares should first meet resistance at the 200-day moving average (MA) of $32.01 and find additional resistance at the 50-day MA of $34.22.

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 35.6%. 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