Range Resources (RRC) Offering Possible 12.36% Return Over the Next 29 Calendar Days

Range Resources's most recent trend suggests a bearish bias. One trading opportunity on Range Resources is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 12.36% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $75.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Range Resources is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Range Resources is bearish.

The RSI indicator is at 51.51 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Range Resources

[$$] Expect a Muted Post-Election Rally
Sat, 25 Oct 2014 03:36:00 GMT

Comparing National Fuel Gas to its exploration and production peers
Tue, 21 Oct 2014 13:00:04 GMT

National Fuel Gas predicts higher production but lower earnings
Mon, 20 Oct 2014 17:00:14 GMT

RANGE RESOURCES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibit
Mon, 20 Oct 2014 15:15:54 GMT

Lower natural gas and oil prices hit National Fuel Gas’s earnings
Fri, 17 Oct 2014 21:00:18 GMT

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