Range Resources (RRC) Offering Possible 16.28% Return Over the Next 25 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 $80.00 short call and a strike $85.00 long call offers a potential 16.28% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $85.00 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 below 20 which suggests that the stock is in oversold territory.

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

RANGE RESOURCES CORP Files SEC form 8-K, Change in Directors or Principal Officers
Tue, 22 Jul 2014 21:28:21 GMT

Lower ethane and propane prices drop natural gas liquids prices
Thu, 17 Jul 2014 21:00:12 GMT

Why natural gas rig counts remained unchanged for the past week
Thu, 17 Jul 2014 13:00:20 GMT

Coverage initiated on Range Resources by Canaccord Genuity
Thu, 17 Jul 2014 12:11:04 GMT

Your first trade for Thursday
Wed, 16 Jul 2014 17:13:21 GMT

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