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Range Resources (RRC) Breaks Through Support at $15.45

By Nick Russo

Shares of Range Resources (NYSE:RRC) have bearishly opened below the pivot of $15.65 today and have reached the first support level of $15.45. Analysts will be watching for a cross of the next downside pivot targets of $15.32 and $14.99.

Range Resources share prices have moved between a 52-week high of $46.96 and a 52-week low of $11.93 and are now trading 29% above that low price at $15.39 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 4.6%.

Range Resources has overhead space with shares priced $15.39, or 34.0% below the average consensus analyst price target of $23.33. Range Resources shares should first meet resistance at the 200-day moving average (MA) of $32.01 and find additional resistance at the 50-day MA of $34.22.

SmarTrend is monitoring the recent change of momentum in Range Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Range Resources in search of a potential trend change.

Keywords: pivot alerts range resources

Ticker(s): RRC