[Range Resources Corp. (RRC)/Day Order/Limit $27.25]
Dear Member:
Range Resources Corp. (RRC) recently announced excellent earnings and has a good year over year and quarter over quarter increase in earnings. The company acquires, develops and finances oil and gas properties in the United States and currently has a P/E around 22. The stock split in December and has been in an uptrend for some time. It just broke back up through the 50 day moving average and I looking at testing a small position initially with a tight stop until it shows more evidence of maintaining the trend. If the stock gains some steam, I'll consider increasing my position. Meanwhile, I'll maintain a pretty tight stop.
I am placing an order to buy RRC at $27.25 or better for the day.
DISCLOSURE: At the time of publication, I have no position in RRC.
Sincerely,
Bill Kraft
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