Range Resources (RRC) Offering Possible 13.64% Return Over the Next 22 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 13.64% return on risk over the next 22 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 $0.60 would be kept by the premium seller. The risk of $4.40 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 at 22.89 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

Q2 2014 Range Resources Earnings Release – After Market Close
Mon, 28 Jul 2014 11:07:02 GMT

Traders brace for summer's busiest week
Fri, 25 Jul 2014 22:10:08 GMT

Will Gas-Weighted Range Resources (RRC) Miss Q2 Earnings?
Fri, 25 Jul 2014 21:15:03 GMT

1 Natural Gas Company With a Leg Up On Competition
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EnerCom, Inc. To Host The Oil & Gas Conference® 19 August 17-21, 2014
Thu, 24 Jul 2014 17:03:00 GMT
PR Newswire – DENVER, July 24, 2014 /PRNewswire/ — EnerCom, Inc. will host The Oil & Gas Conference® 19, August 17-21, 2014, in Denver at the Westin Denver Downtown. The Conference is the oldest and largest energy investment conference hosted in Denver. Investment and oil and gas professionals interested in attending the event can register through the conference website. Conference Details and One-on-One Meetings: The Oil & Gas Conference® 19 forum offers investment professionals the opportunity to listen to the world's key senior management teams present their growth plans, and provides industry professionals a venue to learn about important energy topics effecting the global oil and gas industry. EnerCom works with presenting company management teams arranging one-on-one meetings with the attending institutional investors and research analysts during the Conference. Who are the Presenters: The 2014 edition of EnerCom's The Oil & Gas Conference® will host more than 110 presenting companies with operations spanning more than 40 countries and six continents. Market capitalizations of the presenters range from approximately $9 million to $250 billion.

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