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Watch for Shares of Regions Financia (RF) to Approach Resistance at $15.15

By James Quinn

Regions Financia (NYSE:RF) has opened bullishly above the pivot of $14.93 today and has reached the first level of resistance at $15.03. Analysts will be watching for a cross of the next upside pivot targets of $15.15 and $15.37.

Potential upside of 36.2% exists for Regions Financia, based on a current level of $14.91 and analysts' average consensus price target of $20.31. Regions Financia shares should first meet resistance at the 200-day moving average (MA) of $15.02 and find additional resistance at the 50-day MA of $15.06.

In the past 52 weeks, Regions Financia share prices have been bracketed by a low of $12.39 and a high of $18.83 and are now at $14.91, 20% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.4%.

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