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Watch for Rpc Inc to Potentially Rebound After Falling 1.64% Yesterday

By Amy Schwartz

Rpc Inc (NYSE:RES) traded in a range yesterday that spanned from a low of $19.72 to a high of $20.22. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $20.11 on volume of 624,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Rpc Inc has traded in a range of $13.49 to $23.36 and is now at $19.83, 47% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Rpc Inc and will alert subscribers who have RES in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders rpc inc

Ticker(s): RES