Range Resources (RRC) Offering Possible 16.28% Return Over the Next 38 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 $52.50 short call and a strike $57.50 long call offers a potential 16.28% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 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 $57.50 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 27.39 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

Range Announces Conference Call to Discuss Fourth Quarter and 2014 Financial Results
Wed, 14 Jan 2015 23:26:47 GMT
noodls – FORT WORTH, TX — (Marketwired) — 01/14/15 — RANGE RESOURCES CORPORATION(NYSE: RRC) announced today that its fourth quarter and 2014 calendar year financial results news release will be issued Tuesday, …

NYSE stocks posting largest percentage increases
Wed, 14 Jan 2015 23:08:08 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 …

Range Announces Conference Call to Discuss Fourth Quarter and 2014 Financial Results
Wed, 14 Jan 2015 22:50:54 GMT
Marketwired – RANGE RESOURCES CORPORATION announced today that its fourth quarter and 2014 calendar year financial results news release will be issued Tuesday, February 24 after the close of trading on the New York …

Barclays Slashes E&P Sector
Wed, 14 Jan 2015 17:35:00 GMT

U.S. equities end lower…
Mon, 12 Jan 2015 21:45:00 GMT

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