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SmarTrend Watching for Potential Pullback in Shares of Regions Financial After 3.12% Gain

By James Quinn

Regions Financial (NYSE:RF) traded in a range yesterday that spanned from a low of $10.25 to a high of $10.61. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $10.26 on volume of 22.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Regions Financial on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.07. Since that recommendation, shares of Regions Financial have risen 13.1%. We continue to monitor RF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Regions Financial share prices have moved between a 52-week high of $10.87 and a 52-week low of $7.00 and are now trading 51% above that low price at $10.60 per share. 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%.

Keywords: rebounders regions financial

Ticker(s): RF