SOME GOOD INDICTIONS WE COULD AT LEAST PUSH TO RESISTANCE.
SL close below pink zone. TP in green zone.
Range Resources Corp. engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX. Short interest 18%
I like the break up from the zero line and other indicators are showing up trend. I'd get out before earnings.
Some retracement is due over here. Turned red during the green market day. $5 is the first target.
RRC is a name that came to my attention due to the massive rounds of insider buying that the stock has seen in March. Now in fact this stock has clearly broken out to the upside and would be a good buy on a retest of the broken trendline.
Bullish move today while many others struggled int he sector, Will be looking for breakout to the upside tomorrow, PLEASE GIVE US A LIKE IF YOU APPRECIATE OUR WORK, THANK YOU.
Short term target to the point of control, dependent on OPEC meeting of course
Buying Energy (XLE XOM CNQ CVX) this morning is a big win for me. I expect the rally to continue. But check out this RRC chart how much cleaner can it get? Precise bounce at downtrend line, in a bull flag, at the 50ma. Buncha technicians will probably chase this one up.
Entry level $4.69 = Target price $5.38 = Stop loss $4.47 Fundamentals have not improved much but the stock is technically looking somewhat bullish. Whether it be a dead cat bounce or a true reversal a nice trading opportunity within the current channel presents itself. The 33% short interest will add furl to the rally.
Range Resources Corp. engages in the exploration, development, and acquisition of natural gas and oil properties in the Appalachian and Midcontinent regions. The company was founded in 1976 and is headquartered in Fort Worth, TX. Huge short interest 33% could fuel the rally, as will a positive trade agreement.
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RANGE RESOURCES CORP HEADING FOR $7?
This analysis shows RRC in a bullish channel and following the Fibonacci replacement lines, right now it is slightly oversold and in my opinion worth the investment. I'm going in at $4.66 expecting it to go back up to at least $5. There is decent support at $4.31 and strong resistance at $5.75. Good luck investors and remember that this information is not a...