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Regency Centers Set to Possibly Rebound After Yesterday's Selloff of 1.79%

By Shiri Gupta

Regency Centers (NYSE:REG) traded in a range yesterday that spanned from a low of $65.15 to a high of $66.31. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $66.03 on volume of 222,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Regency Centers share prices have been bracketed by a low of $58.63 and a high of $85.35 and are now at $65.28, 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.4%.

SmarTrend is tracking the current trend status for Regency Centers and will alert subscribers who have REG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders regency centers

Ticker(s): REG