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Bearish Moving Average Cross by Regal Entertai-A (RGC)

By Amy Schwartz

Today, shares of Regal Entertai-A (NYSE:RGC) have fallen below their 10-day MA of $14.62 on a volume of 577K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Regal Entertai-A has traded in a range of $13.90 to $24.79 and is now at $14.45, 4% above that low. The 200-day and 50-day moving averages have moved 0.12% higher and 0.68% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Regal Entertai-A on May 15th, 2017 by issuing a Downtrend alert when the shares were trading at $20.97. Since that call, shares of Regal Entertai-A have fallen 29.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses regal entertai-a

Ticker(s): RGC