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Regions Financial (RF) Breaks Through Support at $14.40

By Nick Russo

Regions Financial (NYSE:RF) has opened bearishly below the pivot of $14.51 today and has reached the first level of support at $14.40. Analysts will be watching for a cross of the next downside pivot targets of $14.29 and $14.07.

Regions Financial has overhead space with shares priced $14.39, or 6.1% below the average consensus analyst price target of $15.33. The stock should find initial support at its 200-day moving average (MA) of $9.06 and further support at its 50-day MA of $8.36.

In the past 52 weeks, Regions Financial share prices have been bracketed by a low of $7.00 and a high of $16.03 and are now at $14.39, 106% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.2%.

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

Keywords: pivot alerts regions financial

Ticker(s): RF