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Recent 52-Week Low Surpassed in Shares of Regal Entertai-A (RGC)

By David Diaz

Shares of Regal Entertai-A (NYSE:RGC) traded today at $19.04, breaking its 52-week low. Approximately 355,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

In the past 52 weeks, Regal Entertai-A share prices have been bracketed by a current low of $19.04 and a high of $24.79 and are now at $19.04. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Regal Entertainment Group operates as a holding company. The Company, through its subsidiaries, owns and manages a chain of theaters in the United States.

Regal Entertai-A has overhead space with shares priced $19.04, or 14.0% below the average consensus analyst price target of $22.13. The stock should find initial resistance at its 200-day moving average (MA) of $19.23 and further resistance at its 50-day MA of $20.78.

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 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows regal entertai-a

Ticker(s): RGC