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Rsp Permian Inc Set to Possibly Pullback After Yesterday's Rally of 1.38%

By Amy Schwartz

Rsp Permian Inc (NYSE:RSPP) traded in a range yesterday that spanned from a low of $46.75 to a high of $47.88. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $47.29 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Rsp Permian Inc has traded in a range of $28.76 to $47.79 and is now at $47.77, 66% above that low. The 200-day and 50-day moving averages have moved 0.45% higher and 2.83% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Rsp Permian Inc on February 26th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.07. Since that recommendation, shares of Rsp Permian Inc have risen 27.2%. We continue to monitor RSPP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders rsp permian inc

Ticker(s): RSPP