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Rpc Inc Crosses Below its 10-day MA (RES)

By Nick Russo

Today, shares of Rpc Inc (NYSE:RES) have fallen below their 10-day MA of $12.51 on a volume of 1.7 million 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, Rpc Inc share prices have been bracketed by a low of $9.35 and a high of $20.18 and are now at $11.65, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.8%.

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