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Regions Financia Set to Possibly Rebound After Yesterday's Selloff of 1.48%

By Shiri Gupta

Regions Financia (NYSE:RF) traded in a range yesterday that spanned from a low of $17.17 to a high of $17.48. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $17.38 on volume of 8.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $17.30, 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%.

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: rebounders regions financia

Ticker(s): RF