Range Resources (RRC) Offering Possible 6.38% Return Over the Next 23 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 $72.50 short put and a strike $67.50 long put offers a potential 6.38% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $67.50 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 21.21 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

1 Natural Gas Company With a Leg Up On Competition
Thu, 24 Jul 2014 18:47:56 GMT

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.

RANGE RESOURCES CORP Files SEC form 8-K, Change in Directors or Principal Officers
Tue, 22 Jul 2014 21:28:21 GMT

Lower ethane and propane prices drop natural gas liquids prices
Thu, 17 Jul 2014 21:00:12 GMT

Why natural gas rig counts remained unchanged for the past week
Thu, 17 Jul 2014 13:00:20 GMT

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