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Regions Financia Set to Possibly Rebound After Yesterday's Selloff of 2.82%

By Amy Schwartz

Regions Financia (NYSE:RF) traded in a range yesterday that spanned from a low of $17.23 to a high of $18.00. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $17.68 on volume of 9.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Regions Financia has traded in a range of $14.62 to $20.21 and is now at $17.31, 18% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is monitoring the recent change of momentum in Regions Financia. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Regions Financia in search of a potential trend change.

Keywords: rebounders regions financia

Ticker(s): RF