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Regions Financia (RF) Breaks Through Resistance at $15.67

By Nick Russo

Shares of Regions Financia (NYSE:RF) opened today above their pivot of $15.45 and have already reached the first level of resistance at $15.67. Investors may be interested in a cross of the next upside pivot targets of $15.79 and $16.13.

Regions Financia has overhead space with shares priced $15.57, or 23.3% below the average consensus analyst price target of $20.31. The stock should find resistance at its 200-day moving average (MA) of $16.66, as well as support at its 50-day MA of $15.40.

In the past 52 weeks, Regions Financia share prices have been bracketed by a low of $12.39 and a high of $19.99 and are now at $15.57, 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

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

Keywords: pivot alerts regions financia

Ticker(s): RF