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Rpc Inc Bearish Moving Average Crossover Alert (RES)

By Nick Russo

Rpc Inc (NYSE:RES) shares have crossed bearishly below their 10-day moving average of $14.98 on a volume of 168K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Rpc Inc has traded in a range of $13.55 to $27.07 and is now at $14.73, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 1.8%.

SmarTrend is tracking the current trend status for Rpc Inc and will alert subscribers who have RES in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses rpc inc

Ticker(s): RES