Range Resources (RRC) Offering Possible 5.26% Return Over the Next 10 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 $40.00 short call and a strike $45.00 long call offers a potential 5.26% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $40.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $45.00 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 39.58 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

Why Range Resources Corp.'s Stock Sank 17.7% in July
Fri, 07 Aug 2015 15:04:00 GMT

Range Resources Plans to Increase Trinidad Production during 2H 2015
Fri, 07 Aug 2015 00:00:00 GMT

With Oil and Gas Down Huge This Year, 4 Quality Stocks to Buy Now
Mon, 03 Aug 2015 13:35:21 GMT
24/7 Wall St. – A new comprehensive research report from Merrill Lynch takes a hard look at stocks that can benefit as energy investors wait for an increase in spot prices.

Range Completes Redemption of 6.75% Senior Subordinated Notes Due 2020
Mon, 03 Aug 2015 11:04:06 GMT
noodls – FORT WORTH, TX — (Marketwired) — 08/03/15 — RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that it has redeemed all $500 million in outstanding principal of its 6.75% Senior Subordinated Notes …

Range Completes Redemption of 6.75% Senior Subordinated Notes Due 2020
Mon, 03 Aug 2015 10:00:00 GMT
Marketwired – RANGE RESOURCES CORPORATION announced today that it has redeemed all $500 million in outstanding principal of its 6.75% Senior Subordinated Notes due 2020 at a price of 103.375% of the unpaid principal …

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