Range Resources (RRC) Offering Possible 7.53% Return Over the Next 4 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 $32.00 short call and a strike $37.00 long call offers a potential 7.53% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $32.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $37.00 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 32.67 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

Convening of the Extraordinary General Meeting of Shareholders on December 19/20, 2016
Fri, 11 Nov 2016 17:37:17 GMT
noodls – .. … This is an abstract of the original noodl. To continue reading this document, click here for the original version.

Weitz Funds Comments on Range Resources
Fri, 11 Nov 2016 17:17:42 GMT
Other – Guru stock highlight

Weitz Balanced Fund 3rd Quarter Commentary
Fri, 11 Nov 2016 17:09:43 GMT
Gurufocus – Overview of quarter and holdings

Communiqué regarding the availability of the quarterly report on 30.09.2016 – bilingual form (Romanian and English)
Fri, 11 Nov 2016 15:27:07 GMT
noodls – rompe ro v,A t I I KozMbtmerayGos ROMPETROL RAFINARE S.A. Bu!evordul Navodorl nr 215. Povllion Adminislro1iv Navodorl. Judelul Constanta. … This is an abstract of the original noodl. To continue reading …

Jim Cramer's ‘Mad Money' Recap: Ahead of Veterans Day, Cautious Optimism for Growth
Fri, 11 Nov 2016 01:55:00 GMT

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