Bullish chart patterns are emerging for Range Resources, Frank Cappelleri says
With the energy complex having bounced back meaningfully over the last few weeks, a number of individual stocks have done the same. One we've been tracking is Range Resources (RRC).
Reported by 1 outlet — CNBC Top News. See all sources ↓
With the energy complex having bounced back meaningfully over the last few weeks, a number of individual stocks have done the same. One we've been tracking is Range Resources (RRC). After reversing higher following a multi-month downturn, RRC has now formed a potentially bullish inverse head-and-shoulders pattern on its daily chart. From a trading perspective, the pattern has a measured move up to the $46 level.
Read the full report at CNBC Top News ↗
Why it matters
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- What's the story?
- With the energy complex having bounced back meaningfully over the last few weeks, a number of individual stocks have done the same. One we've been tracking is Range Resources (RRC).
- How widely is it covered?
- 1 outlet, average source rating 7.0/10.
- When was it last updated?
- 9m ago.
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Bullish chart patterns are emerging for Range Resources, Frank Cappelleri says
Sources1TypeCoverageCNBC Top News