Range Resources (RRC) Offering Possible 11.11% Return Over the Next 29 Calendar Days

Range Resources's most recent trend suggests a bullish bias. One trading opportunity on Range Resources is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 11.11% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $50.00 long put strike price.

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

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

The RSI indicator is at 39.47 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

NYSE stocks posting largest percentage increases
Fri, 19 Dec 2014 18:25:26 GMT
AP – A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.: Athlon Energy Inc. rose 24.7 percent to $58.27. NiSource Inc. rose 6.8 percent to $41.19. Smart & Final Strs rose 6.5 percent …

New York Decision To Ban Shale Gas Fracking Contradicts Other State Policies
Thu, 18 Dec 2014 01:02:00 GMT

Range Resources (RRC) Stock Upgraded at Barclays Today
Tue, 16 Dec 2014 14:34:00 GMT

Range Resources upgraded by Howard Weil
Tue, 16 Dec 2014 13:22:35 GMT

CORRECTION – Range Announces 2015 Capital Budget and Record Utica Well Results
Tue, 16 Dec 2014 01:51:31 GMT
noodls – FORT WORTH, TX — (Marketwired) — 12/15/14 — In the news release, “Range Announces 2015 Capital Budget and Record Utica Well Results,” issued earlier today by Range Resources Corporation (NYSE: …

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