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After Yesterday's Rally of 1.97% Shares Could Potentially Pullback

By David Diaz

Regal Entertainment Group (NYSE:RGC) traded in a range yesterday that spanned from a low of $22.41 to a high of $22.86. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $22.50 on volume of 713,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Regal Entertainment Group and will alert subscribers who have RGC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Regal Entertainment Group have traded between a low of $16.50 and a high of $24.19 and are now at $22.80, which is 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

Keywords: rebounders regal entertainment group

Ticker(s): RGC