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Bearish Moving Average Cross by Regency Centers (REG)

By Amy Schwartz

Regency Centers (NYSE:REG) shares have crossed bearishly below their 10-day moving average of $61.24 on a volume of 112K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Regency Centers have traded between a low of $54.87 and a high of $70.64 and are now at $61.01, which is 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Regency Centers and will alert subscribers who have REG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses regency centers

Ticker(s): REG