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Regions Financia Set to Possibly Rebound After Yesterday's Selloff of 2.05%

By Shiri Gupta

Regions Financia (NYSE:RF) traded in a range yesterday that spanned from a low of $16.11 to a high of $16.36. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $16.57 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Regions Financia share prices have moved between a 52-week high of $17.35 and a 52-week low of $12.39 and are now trading 32% above that low price at $16.32 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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