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Look for Shares of Regis Corp to Potentially Rebound after Yesterday's 1.50% Sell Off

By David Diaz

Regis Corp (NYSE:RGS) traded in a range yesterday that spanned from a low of $16.72 to a high of $17.15. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $16.82 on volume of 76,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Regis Corp share prices have moved between a 52-week high of $22.40 and a 52-week low of $14.31 and are now trading 19% above that low price at $17.10 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Regis Corp on October 5th, 2018 by issuing a Downtrend alert when the shares were trading at $19.44. Since that call, shares of Regis Corp have fallen 12.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders regis corp

Ticker(s): RGS