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Watch for Shares of Regions Financia (RF) to Approach Resistance at $15.91

By Amy Schwartz

Shares of Regions Financia (NYSE:RF) have bullishly opened above the pivot of $15.79 today and have reached the first resistance level of $15.86. Should the shares continue to rise, the resistance pivots of $15.91 and $16.03 will be of interest.

Regions Financia (NYSE:RF) has potential upside of 28.5% based on a current price of $15.81 and analysts' consensus price target of $20.31. Regions Financia shares should encounter resistance at the 200-day moving average (MA) of $17.13 and support at the 50-day MA of $15.39.

Regions Financia share prices have moved between a 52-week high of $20.21 and a 52-week low of $12.39 and are now trading 28% above that low price at $15.81 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Regions Financia on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.00. Since that recommendation, shares of Regions Financia have risen 12.9%. We continue to monitor RF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts regions financia

Ticker(s): RF