• Return to Headlines

Regal Entertai-A Set to Possibly Rebound After Yesterday's Selloff of 1.55%

By Nick Russo

Regal Entertai-A (NYSE:RGC) traded in a range yesterday that spanned from a low of $18.91 to a high of $19.49. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $19.17 on volume of 774,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Regal Entertai-A on May 15th, 2017 by issuing a Downtrend alert when the shares were trading at $20.97. Since that call, shares of Regal Entertai-A have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Regal Entertai-A have traded between the current low of $18.91 and a high of $24.79 and are now at $19.11. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: rebounders regal entertai-a

Ticker(s): RGC