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After Yesterday's Decline of 1.48%, Regions Financia Offers Investors Better Value

By Shiri Gupta

Regions Financia (NYSE:RF) traded in a range yesterday that spanned from a low of $17.17 to a high of $17.48. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $17.38 on volume of 8.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Regions Financia share prices have moved between a 52-week high of $20.21 and a 52-week low of $13.03 and are now trading 33% above that low price at $17.30 per share. The 200-day and 50-day moving averages have moved 0.38% higher and 0.44% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Regions Financia on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $18.38. Since that call, shares of Regions Financia have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders regions financia

Ticker(s): RF