Range Resources (RRC) Offering Possible 17.65% Return Over the Next 24 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 $45.00 short call and a strike $50.00 long call offers a potential 17.65% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $45.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $50.00 long call 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 down which suggests that the medium-term momentum for Range Resources is bearish.

The RSI indicator is at 35.5 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 2015 Range Resources Corp Earnings Release – After Market Close
Tue, 28 Jul 2015 11:07:04 GMT

Current report Resolutions of the Ordinary General Meetings of Shareholders as of 20.07.2015
Mon, 27 Jul 2015 09:56:11 GMT
noodls – Current report Resolutions of the Ordinary General Meetings of Shareholders as of 20.07.2015

Will Range Resources (RRC) Disappoint Earnings in Q2? – Analyst Blog
Fri, 24 Jul 2015 22:11:10 GMT
Zacks – Range Resources Corporation (RRC) is expected to report second-quarter 2015 earnings on Jul 28, 2015, after the market closes.

Range Resources upgraded by KLR Group
Mon, 20 Jul 2015 12:02:19 GMT

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at The Oil & Gas Conference(R) 20; Conference Dates Are August 16-20, 2015
Thu, 16 Jul 2015 16:30:00 GMT
Marketwired – EnerCom, Inc. will host The Oil & Gas Conference® 20, August 16-20, 2015, in Denver at the Westin Denver Downtown. The Conference is the oldest and largest energy investment conference hosted in Denver. …

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