RRC is a no touch zone unless your short, it is losing more and more money and its actual resources are in abundance and also losing value. Income has steadily increased but so has the losses making them very busy fools.
Do not be fooled by any bounces in this stock, it has made investors suffer for years. RRC has increased its revenue every year for 5 years but has also increased its losses. Gas prices are dropping so there is really no compelling reason to see any recovery in t he future.
Range Resources (RRC) showed a bullish TK cross this morning, with price entering the cloud. We are now setup for a potential edge-to-edge opportunity, with a very nice R:R setup. Let's see if this opportunity plays out!
3.71 is price to look . will see if and how we go there . area is very very strong reversal .....number with 10-20 times reward .
Bullish shark; other items and target price noted in chart.
Highly undervalued energy stock. Go LONG next week
After setting a solid double bottom, the stock has been trading sideways within the channel shown by the red lines. A move above that yellow line on some decent volume and I think this makes a quick run to $13.00. Bought some April $12.00 Calls to try and capitalize :)
RRC has rallied strongly off its early January lows, about 25%. The rally seems to have lost some steam though resulting in two bearish candles right around a resistance level on January 15th and 16th. I went short at the closing price of the January 16th inverted hammer. Feel free to zoom out on the chart to see why I drew the resistance level where I...
$RRC has been hammered the past two week buy finding support at December lows. Great entry point long right here.
RRC has broken well below the long term channel that has been forming since the beginning of this year. One might consider shorting this to around 11.93 which is long term support/ resistance, a 20% gain. A possible move to that area is confirmed by the height of the channel. One might consider a stop loss at 15.40 to be conservative.
Long-term opportunity on Range Resources Corporation (RRC). Reach all time support zone.
$RRC has been beaten down with the energy sector, but is mostly levered to nat gas which is ripping higher. Great opportunity to go long here at 200 day ma which is now acting as support and turning higher. Trendline support is coinciding with the 200 day ma as well giving dual support.
The candle let me think that the title will touch the upper level
RRC is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock is trading with a P/E ratio of 11.01, which compares to its industry's average of 11.20. Over the past 52 weeks, RRC's Forward P/E has been as high as 36.06 and as low as 11.01, with a median of 16.33.
An intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Write sometning about your psyhology thinking before trade? setup looks fine and I think that this could be a good trade Describe the trade. What you see? price action was slow down, wick on the candell are the same on the both side volume decrease a little bit there are support line and a see that price can gou pu to at leaset 16,25 nothing to add
Slanted "W" bottom on the daily. Gives a short term target of 19. May encounter some resistance there. Have a great weekend.