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Look for Shares of Regions Financial to Potentially Rebound after Yesterday's 1.51% Sell Off

By Shiri Gupta

Regions Financial (NYSE:RF) traded in a range yesterday that spanned from a low of $9.15 to a high of $9.22. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $9.22 on volume of 5.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Regions Financial has traded in a range of $7.00 to $10.87 and is now at $9.18, 31% above that low. 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