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Regis Crosses Below its 10-day MA (RGS)

By Shiri Gupta

Regis (NYSE:RGS) shares have crossed bearishly below their 10-day moving average of $13.36 on a volume of 476K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Regis has traded in a range of $10.60 to $18.13 and is now at $11.39, 7% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Regis on April 28th, 2016 by issuing a Downtrend alert when the shares were trading at $14.29. Since that call, shares of Regis have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses regis

Ticker(s): RGS