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After Yesterday's Rally of 1.39% Shares Could Potentially Pullback

By Shiri Gupta

Regions Financial (NYSE:RF) traded in a range yesterday that spanned from a low of $14.41 to a high of $14.63. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $14.62 on volume of 5.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Regions Financial share prices have been bracketed by a low of $7.00 and a high of $16.03 and are now at $14.54, 108% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

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

Keywords: rebounders regions financial

Ticker(s): RF