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SmarTrend Watching for Potential Rebound in Shares of Regions Financia After 3.58% Loss

By Nick Russo

Regions Financia (NYSE:RF) traded in a range yesterday that spanned from a low of $13.72 to a high of $14.14. Yesterday, the shares fell 3.6%, which took the trading range below the 3-day low of $14.11 on volume of 6.6 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 $7.80 and a high of $16.03 and are now at $13.78, which is 77% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

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