In a welcome move, Range Resources stock saw its Relative Strength Rating improve from 69 to 72 on Friday.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Range Resources stock can continue to show renewed price strength and hit that benchmark.
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Is Range Resources Stock A Buy?
Range Resources stock is trying to complete a cup with handle with a 36.74 buy point. See if the energy stock can clear the breakout price in heavy trading.
Earnings-per-share growth fell last quarter from 53% to 4%, but revenue rose from -17% to 1%.
Range Resources stock holds the No. 8 rank among its peers in the Oil&Gas-U.S. Exploration & Production industry group. PrimeEnergy Resources, Dorchester Minerals and Crescent Energy are among the top 5 highly rated stocks within the group.
