Range Resources (RRC) Offering Possible 9.89% Return Over the Next 19 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 $80.00 short call and a strike $85.00 long call offers a potential 9.89% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 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 $85.00 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 21.94 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

Range Resources Corp Earnings Call scheduled for 9:00 am ET today
Tue, 29 Jul 2014 11:34:48 GMT

Range Announces Second Quarter 2014 Results
Tue, 29 Jul 2014 00:02:41 GMT
noodls – FORT WORTH, TX — (Marketwired) — 07/28/14 — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter 2014 financial results. Second Quarter Highlights – Production volumes reached …

[$$] Range Resources Profit Up 19%
Mon, 28 Jul 2014 22:14:27 GMT

RANGE RESOURCES CORP Files SEC form 10-Q, Quarterly Report
Mon, 28 Jul 2014 21:13:11 GMT

5:04 pm Range Resources misses by $0.05, reports revs in-line
Mon, 28 Jul 2014 21:04:00 GMT

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