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Next Support Level for Regions Financia (RF) is $17.11

By Nick Russo

Shares of Regions Financia (NYSE:RF) have bearishly opened below the pivot of $17.59 today and have reached the first support level of $17.31. Analysts will be watching for a cross of the next downside pivot targets of $17.11 and $16.63.

In the past 52 weeks, Regions Financia share prices have been bracketed by a low of $13.03 and a high of $20.21 and are now at $17.36, 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.4%.

There is potential upside of 17.0% for shares of Regions Financia based on a current price of $17.36 and an average consensus analyst price target of $20.31. Regions Financia shares should first meet resistance at the 200-day moving average (MA) of $17.82 and find additional resistance at the 50-day MA of $18.63.

SmarTrend recommended that its subscribers protect gains by selling shares of Regions Financia on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $18.38. Since that call, shares of Regions Financia have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts regions financia

Ticker(s): RF