CapitalHubs

RAX Near Important Resistance

FWB:RAX   RANGE RES CORP. DL-,01
221 0 0
Positive parallel channel indicates important support and resistance levels. RAX resent sharp jump sent price close to resistance line. This usually is sell signal, however, good quarterly results posted by the company Feb 14th, dent the positive stock mood. Downside is limited to consolidation around current price.
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