Range Resources (RRC) Offering Possible 9.89% Return Over the Next 17 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 $67.50 short call and a strike $72.50 long call offers a potential 9.89% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $72.50 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 24.34 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

Ukraine recovering from Russian gas addiction, says Yatsenyuk
Tue, 02 Dec 2014 13:01:01 GMT

Range Declares Quarterly Dividend
Mon, 01 Dec 2014 18:04:09 GMT
noodls – FORT WORTH, TX — (Marketwired) — 12/01/14 — RANGE RESOURCES CORPORATION(NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the third quarter. …

Range Declares Quarterly Dividend
Mon, 01 Dec 2014 17:52:52 GMT
Marketwired – RANGE RESOURCES CORPORATION today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the third quarter. A dividend of $0.04 per common share is payable on …

Range Resources sued over Pennsylvania drilling
Fri, 28 Nov 2014 21:40:10 GMT

Natural gas inventories are key to energy stock and ETF investors
Fri, 28 Nov 2014 21:00:40 GMT

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