[Setting Stop on Range Resources Corp (RRC)/Sell Stop at $27.91/Good 'til Cancelled]
Dear Member:
Range Resources Corp (RRC) gapped up at the open this morning. I bought the stock yesterday for $27.21. I am now placing a sell stop at $27.91. If the stock drops to that number, I'll automatically be sold out of my position. If I get $27.91, that would be a 70 cent a share profit or a 2.6% gain. If the stock continues to move up, I'll be moving my stop up behind it.
DISCLOSURE: At the time of publication, I own shares of RRC.
Sincerely,
Bill Kraft
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