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Shares of Rpc Inc Fall Below Previous 52-Week Low

By Nick Russo

Shares of Rpc Inc (NYSE:RES) traded today at $6.26, breaking its 52-week low. So far today approximately 93,000 shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

RPC, Inc. provides specialized oilfield services and equipment to independent and major oilfield companies. The Company's services include snubbing services, coiled tubing services, pressure pumping services, marine services, firefighting and well control, and rental of drill pipe and other equipment.

Rpc Inc (NYSE:RES) has potential upside of 205.0% based on a current price of $6.26 and analysts' consensus price target of $19.09. The stock should find initial resistance at its 50-day moving average (MA) of $7.87 and further resistance at its 200-day MA of $11.10.

Rpc Inc share prices have moved between a 52-week high of $17.24 and the current low of $6.26 and are currently at $6.26 per share. The 200-day and 50-day moving averages have moved 1.24% lower and 2.72% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Rpc Inc on April 24th, 2019 by issuing a Downtrend alert when the shares were trading at $11.08. Since that call, shares of Rpc Inc have fallen 42.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows rpc inc

Ticker(s): RES