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Watch for Shares of Regions Financia (RF) to Approach Resistance at $14.49

By Shiri Gupta

Shares of Regions Financia (NYSE:RF) have bullishly opened above the pivot of $14.29 today and have reached the first resistance level of $14.36. Analysts will be watching for a cross of the next upside pivot targets of $14.49 and $14.69.

Regions Financia (NYSE:RF) has potential upside of 41.0% based on a current price of $14.40 and analysts' consensus price target of $20.31. Regions Financia shares should first meet resistance at the 50-day moving average (MA) of $14.81 and find additional resistance at the 200-day MA of $15.92.

Regions Financia share prices have moved between a 52-week high of $19.99 and a 52-week low of $12.39 and are now trading 16% above that low price at $14.40 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has remained constant.

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: pivot alerts regions financia

Ticker(s): RF