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After Yesterday's Rally of 1.09% Shares Could Potentially Pullback

By Nick Russo

Regency Centers (NYSE:REG) traded in a range yesterday that spanned from a low of $65.01 to a high of $66.03. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $65.85 on volume of 219,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Regency Centers has traded in a range of $58.63 to $85.35 and is now at $65.94, 12% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

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: rebounders regency centers

Ticker(s): REG