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Next Resistance Level for Regions Financial (RF) is $10.52

By Amy Schwartz

Shares of Regions Financial (NYSE:RF) opened today above their pivot of $10.13 and have already reached the first level of resistance at $10.38. Analysts will be watching for a cross of the next upside pivot targets of $10.52 and $10.91.

In the past 52 weeks, Regions Financial share prices have been bracketed by a low of $7.00 and a high of $10.87 and are now at $10.48, 50% 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%.

Regions Financial has overhead space with shares priced $10.48, or 6.6% below the average consensus analyst price target of $11.22. Regions Financial shares have support at the 200-day moving average (MA) of $9.06 and additional support at the 50-day MA of $8.36.

SmarTrend recommended that subscribers consider buying shares of Regions Financial on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.07. Since that recommendation, shares of Regions Financial have risen 13.1%. We continue to monitor RF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts regions financial

Ticker(s): RF