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Rsp Permian Inc Crosses Above its 10-day MA (RSPP)

By Nick Russo

Rsp Permian Inc (NYSE:RSPP) shares have crossed bullishly above their 10-day moving average of $30.62 on a volume of 322K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Rsp Permian Inc share prices have been bracketed by a low of $29.31 and a high of $46.92 and are now at $31.43, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Rsp Permian Inc on August 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $31.38. Since that call, shares of Rsp Permian Inc have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses rsp permian inc

Ticker(s): RSPP