Highly Speculative RRC ST tradeSome retracement is due over here. Turned red during the green market day. $5 is the first target.
RRC trade ideas
RRC - Another energy breakout (long)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.
Range Resources Upside Targets
Bullish move today while many others struggled int he sector,
Will be looking for breakout to the upside tomorrow,
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Range resources $5.40 target Short term target to the point of control,
dependent on OPEC meeting of course
[Long] RRCBuying 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.
Range Resources trade setupEntry 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 Finding some buyers. 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.
RRC [NYSE] Range Resources long.All description on the chart.
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RRC Short TermThis 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 recommendation to buy or sell. It is to be used for educational purposes only.
$RRC Range Resources Corp Chart is running out of GasRRC 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.
$RRC RANGE RESOURCES CANT SEEM TO MAKE ANY MONEY. SHORT 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- Edge to Edge OpportunityRange 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!
up coming oportunity3.71 is price to look . will see if and how we go there . area is very very strong reversal .....number with 10-20 times reward .
Looking for a solid bounce and quick run to $13.00After 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 Short IdeaRRC 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 did.
Stop loss is set just above the high of the January 15th candle: $12.19 or 4.10% risk,
Ideal target is a retest of the January lows: $9.23 or about 21%.
Risk/ reward is 5.17.
WHY THIS TRADE MIGHT FAIL:
Overall market is relatively strong.
Fundamental risks to the upside in natural gas like cold weather.
RSI is only at around 48 indicating lots of room to run higher.
The resistance level does not have may confirming touches in recent trading.
Good luck; have fun.
$RRC support at Dec low. Printing higher low & bouncing. Long$RRC has been hammered the past two week buy finding support at December lows. Great entry point long right here.
RRC Breaks Below Long Term ChannelRRC 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.
Range Resources CorporationLong-term opportunity on Range Resources Corporation (RRC). Reach all time support zone.
$RRC Bouncing off 200 day ma & trendline support. Adding to long$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.
