Range Resources Corporation (NYSE: RRC): traded higher by 3.18% or $1.88/share in pre-market trading to $60.91. In the past year, the shares have traded as low as $50.55 and as high as $77.24. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $62.90 area but be careful because the stock may face selling pressure at this level.
Armstrong World Industries, Inc. (NYSE: AWI): traded higher by 3.15% or $1.79/share in pre-market trading to $58.61. In the past year, the shares have traded as low as $32.47 and as high as $57.89. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $51.91 area where the stock will likely see buying pressure.
Smith & Wesson Holding Corporation (NASDAQ: SWHC): traded higher by 2.70% or $0.21/share in pre-market trading to $8.00. In the past year, the shares have traded as low as $2.29 and as high as $8.00. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $5.85 area where the stock will likely see buying pressure.
Mellanox Technologies, Ltd. (NASDAQ: MLNX): traded higher by 2.50% or $1.0/share in pre-market trading to $41.07. In the past year, the shares have traded as low as $24.51 and as high as $41.50. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $37.67 area where the stock will likely see buying pressure.
The Governor and Company of The Bank of Ireland (NYSE: IRE): traded higher by 2.58% or $0.18/share in pre-market trading to $7.17. In the past year, the shares have traded as low as $3.99 and as high as $27.00. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $7.32 represents resistance and the 200-day moving average of $6.70 would be an area of support.
