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Shares of Rpc Inc Fall Below Previous 52-Week Low

By David Diaz

Shares of Rpc Inc (NYSE:RES) traded at a new 52-week low today of $5.76. Approximately 411,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

Rpc Inc (NYSE:RES) has potential upside of 231.4% based on a current price of $5.76 and analysts' consensus price target of $19.09. The stock should run into initial resistance at its 50-day moving average (MA) of $7.36 and subsequent resistance at its 200-day MA of $10.76.

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.

In the past 52 weeks, shares of Rpc Inc have traded between the current low of $5.76 and a high of $17.24 and are now at $5.76. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 2.6%.

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 46.3%. 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