I’m looking at the January 62.5x calls which finished today at 1.65 x 1.80. RRC is currently trading above its 200 day moving average as well as holding support from the lower trend line of its wedge.
RRC has resistance at the $64 and $66.50 – $67 levels which is what we should look for if there is a breakout. The top of its wedge is currently just above $70 which is resistance that’s falling. However, the $70 target is a bit of a stretch at this point. I would focus on first two resistance levels at this point ($64, $66.5 – $67).
Here’s the chart for RRC: