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How the price action of Range Resources (RRC) is used to our Advantage

Longer Term Trading Plans for RRC
  • Buy RRC slightly over 26.52 target 32.31 stop loss @ 26.44 Details
  • The technical summary data tells us to buy RRC near 26.52 with an upside target of 32.31. This data also tells us to set a stop loss @ 26.44 to protect against excessive loss in case the stock begins to move against the trade. 26.52 is the first level of support below 29.36 , and by rule, any test of support is a buy signal. In this case, support 26.52 would be being tested, so a buy signal would exist.

  • Short RRC slightly under 32.31, target 26.52, stop loss @ 32.4 Details
  • The technical summary data is suggesting a short of RRC as it gets near 32.31 with a downside target of 26.52. We should have a stop loss in place at 32.4though. 32.31 is the first level of resistance above 29.36, and by rule, any test of resistance is a short signal. In this case, if resistance 32.31 is being tested, so a short signal would exist.

Swing Trading Plans for RRC
  • Buy RRC slightly over 29.90, target 32.31, Stop Loss @ 29.81 Details
  • If 29.90 begins to break higher, the technical summary data tells us to buy RRC just slightly over 29.90, with an upside target of 32.31. The data also tells us to set a stop loss @ 29.81 in case the stock turns against the trade. 29.90 is the first level of resistance above 29.36, and by rule, any break above resistance is a buy signal. In this case, 29.90, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RRC slightly near 29.90, target 28.11, Stop Loss @ 29.99. Details
  • The technical summary data is suggesting a short of RRC if it tests 29.90 with a downside target of 28.11. We should have a stop loss in place at 29.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.90, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for RRC
  • Buy RRC slightly over 29.90, target 32.31, Stop Loss @ 29.83 Details
  • If 29.90 begins to break higher, the technical summary data tells us to buy RRC just slightly over 29.90, with an upside target of 32.31. The data also tells us to set a stop loss @ 29.83 in case the stock turns against the trade. 29.90 is the first level of resistance above 29.36, and by rule, any break above resistance is a buy signal. In this case, 29.90, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short RRC slightly near 29.90, target 28.42, Stop Loss @ 29.97. Details
  • The technical summary data is suggesting a short of RRC if it tests 29.90 with a downside target of 28.42. We should have a stop loss in place at 29.97 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.90, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Range Resources (RRC) available here: RRC.

RRC Ratings for November 16:

Term →Near Mid Long
Rating Neutral Strong Strong
P1 0 0 26.52
P2 28.42 28.11 32.31
P3 29.87 29.90 38.48
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AI Generated Signals for RRC

RRC Long Term Analysis for November 16 2022

Blue = Current Price
Red= Resistance
Green = Support

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Range Resources (NYSE: RRC) data table below can help you with price action, and we have more details too. Trading plans for RRC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.