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Regions Financia Set to Possibly Rebound After Yesterday's Selloff of 1.77%

By James Quinn

Regions Financia (NYSE:RF) traded in a range yesterday that spanned from a low of $18.54 to a high of $18.95. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $18.75 on volume of 6.4 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, shares of Regions Financia have traded between a low of $13.03 and a high of $20.21 and are now at $18.63, which is 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 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: rebounders regions financia

Ticker(s): RF