On Tuesday, Range Resources stock reached an important technical milestone, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 83, an increase from 80 the day before.
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This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or higher RS Rating as they launch their biggest runs.
Is Range Resources Stock A Buy?
Range Resources stock is working on a cup with handle with a 40.99 entry. See if the energy stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew 39% last quarter, up from 8% in the prior report. Revenue also increased, from -33% to 7%.
Range Resources stock holds the No. 3 rank among its peers in the Oil & Gas-U.S. Exploration & Production industry group. Antero Resources is the No. 1-ranked stock within the group.
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