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Shares of Rpc Inc Fall to a New 52-Week Low

By Shiri Gupta

Rpc Inc (NYSE:RES) traded at a new 52-week low today of $6.17. Approximately 361,000 shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.

Potential upside of 209.4% exists for Rpc Inc, based on a current level of $6.17 and analysts' average consensus price target of $19.09. The stock should find initial resistance at its 50-day moving average (MA) of $7.71 and further resistance at its 200-day MA of $11.01.

Rpc Inc share prices have moved between a 52-week high of $17.24 and the current low of $6.17 and are currently at $6.17 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 3%.

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.

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 43.8%. 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