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Range Resources Down 8.7% Since SmarTrend Downtrend Call (RRC)

By Shiri Gupta

SmarTrend identified a Downtrend for Range Resources (NYSE:RRC) on February 6th, 2019 at $10.40. In approximately 3 months, Range Resources has returned 8.65% as of today's recent price of $9.50.

Over the past year, Range Resources has traded in a range of $8.49 to $18.60 and is now at $9.48, 12% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 1%.

Range Resources Corporation is an independent oil and gas company that explores, develops, and acquires oil and gas properties. The Company conducts operations primarily in the Southwestern, Appalachian, and Gulf Coast regions of the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Range Resources.

Log in and add Range Resources (RRC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights range resources

Ticker(s): RRC