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Watch for Regal Entertai-A to Potentially Pullback After Gaining 1.74% Yesterday

By James Quinn

Regal Entertai-A (NYSE:RGC) traded in a range yesterday that spanned from a low of $15.40 to a high of $15.96. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $15.73 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Regal Entertai-A share prices have moved between a 52-week high of $24.79 and a 52-week low of $13.90 and are now trading 14% above that low price at $15.81 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Regal Entertai-A on May 15th, 2017 by issuing a Downtrend alert when the shares were trading at $20.97. Since that call, shares of Regal Entertai-A have fallen 26.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders regal entertai-a

Ticker(s): RGC