14.33p or 7.29p on Monday ?
As per londonstockexchange website:
Settlement as of 05/08/2011, at 5:45 p.m.
Top performance from Range Resources Limited Npv (Di) as it closes +16.25% up. After a weak start to the day at 9.7, above the previous session's low, we saw steady growth as trading continued and a bullish close of 11.63, near the session high. In the last week Range Resources Limited Npv (Di) underperformed the FTSE AIM 100 Ix index, and could fall prey to traders who are ready to exploit potential weaknesses.
Status and Trend Analysis
New technical evidence points to a decline of Range Resources Limited Npv (Di)'s stock price, which could hit the most immediate support seen at the 9.46 level. However, a sudden upward momentum would undermine the above scenario by triggering a bullish rise, with the most immediate resistance of 14.33 as a new target. In the next session we can expect a continuation of the downtrend to the key support level of 7.29 (red line in the chart).
Risk Analysis
Here is an investment for risk-loving investors, who will choose to venture large sums despite the security's high daily volatility of 5.29. With daily volume equalling 82,530,008, above the moving average of 19,869,925, Range Resources Limited Npv (Di) is clearly attracting interest in the market.
See disclaimer on their site
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News coming ?
If you think markets are going into recession , sell. Some say zig-zag to the bottom.
If you think this is just a correction, hold or buy. Some say buy certain stocks now.
For both does that include a speculative growth stock such as RRL?
Third and final bull run to occur IMO in this secular bear market before year end.
Come to your own decisions on the risk/reward, if scared sell some on the rallies, if confident at these prices, buy some on the dips, it's your money, right decision/wrong decision ?
GLA with your investment / trading decisions.
No advice given as not qualified to give any, just an opinion.
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