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Range Resources Ltd - One for 2011 (RRL)     

Proselenes - 10 Dec 2010 13:31

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dreamcatcher - 30 Sep 2011 06:10 - 2031 of 5221

Some TA from the londonstockexchange website:

Settlement as of 29/09/2011, at 5:45 p.m.
Range Resources Limited Npv (Di) in disarray as it suffers losses of -2.83%. After a feeble opening at 10, below the previous session's low, prices were whittled down further as the share's performance deteriorated in the course of the day. 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
The technical picture is visibly deteriorating, with support in the 9.61 area. On the upside, the main exit level is seen at 10.65. Range Resources Limited Npv (Di)'s decline is highlighted by the 5-day moving average crossing below the 34-day moving average. In the immediate future we are likely to see a further decline towards a target of 9.27.

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 5.39. With daily volume equalling 12,296,585, above the moving average of 10,605,871, Range Resources Limited Npv (Di) is clearly attracting interest in the market.

dreamcatcher - 30 Sep 2011 06:14 - 2032 of 5221

RRL down 3.03% on the ASX

dreamcatcher - 30 Sep 2011 13:46 - 2033 of 5221

Nice 10% rise today

gibby - 30 Sep 2011 13:47 - 2034 of 5221

excellent

skinny - 30 Sep 2011 13:48 - 2035 of 5221

5% spread atm :-)

dreamcatcher - 30 Sep 2011 13:48 - 2036 of 5221

Even better gibby with another 0. lol

dreamcatcher - 30 Sep 2011 13:50 - 2037 of 5221

Still think this was pulled down for accumulation by the BIG BOYS.

3 monkies - 30 Sep 2011 14:03 - 2038 of 5221

Definitely pulled down and is being kept down for what reason I haven't a clue. Range and RMP are on brokerman daniels blog with a password oil shows but it won't let me in so can't find out what it is about!!!!! Don't know if anybody can help.

dreamcatcher - 30 Sep 2011 14:05 - 2039 of 5221

Range doing very well. Something has leaked 3 monkies.

dreamcatcher - 30 Sep 2011 14:08 - 2040 of 5221

I feel Pete does not like public investors/ day traders and is trying to get more into
institutions hands to stop the share being so volatile. He has stated this.

dreamcatcher - 30 Sep 2011 14:13 - 2041 of 5221

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3 monkies - 30 Sep 2011 14:17 - 2042 of 5221

Oh great, must be more than a tin or 3 in 1 then haha!!! Wish I knew what was on brokermans blog.

dreamcatcher - 30 Sep 2011 14:18 - 2043 of 5221

;

gibby - 30 Sep 2011 14:21 - 2044 of 5221

looks like silly season for the sp could well be over!!! lol

dreamcatcher - 30 Sep 2011 14:23 - 2045 of 5221

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dreamcatcher - 30 Sep 2011 14:25 - 2046 of 5221

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dreamcatcher - 30 Sep 2011 14:27 - 2047 of 5221

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3 monkies - 30 Sep 2011 14:36 - 2048 of 5221

Got into the blog and is goes like this:-
Roumours are flying that there may be hydrocarbon shows encountered at the Georgia drill. The Co. are back on track with the drill. Any good news will of course pull up Range.

Auction calls have gone through the Nomads (Cairn) have contacted their respective employers!

Remember they are rumours so don't shoot the messenger.

Sorry I cannot copy and past yet so done my best.

dreamcatcher - 30 Sep 2011 14:43 - 2049 of 5221

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HARRYCAT - 30 Sep 2011 14:44 - 2050 of 5221

Just a word of warning (I hold this stock), quite a few companies have hit oil recently and their sp has only risen a short way (7-10%) then drifted off again very quickly. Seems that good news is quickly forgotten in the current market conditions, bad news seems to hit the sp hard.
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