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Rsp Permian Inc Set to Possibly Pullback After Yesterday's Rally of 3.17%

By Amy Schwartz

Rsp Permian Inc (NYSE:RSPP) traded in a range yesterday that spanned from a low of $47.37 to a high of $48.84. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $48.67 on volume of 816,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 27.6%. We continue to monitor RSPP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Rsp Permian Inc share prices have moved between a 52-week high of $51.51 and a 52-week low of $28.76 and are now trading 70% above that low price at $48.75 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.8%.

Keywords: rebounders rsp permian inc

Ticker(s): RSPP