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Upgrade Alert for Regal Entertainment Group (RGC)

By Nick Russo

Regal Entertainment Group (NYSE:RGC) was upgraded from Sector Perform to Outperform at RBC Capital today. The stock closed yesterday at $20.28 on volume of 2.0 million shares, above average daily volume of 1.2 million.

Regal Entertainment Group has overhead space with shares priced $20.28, or 7.0% below the average consensus analyst price target of $21.80. Regal Entertainment Group shares should encounter resistance at the 50-day moving average (MA) of $20.78 and support at its 200-day MA of $19.23.

Regal Entertainment Group share prices have moved between a 52-week high of $22.37 and a 52-week low of $16.50 and closed yesterday at 23% above that low price at $20.28 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Regal Entertainment Group consists of the controlling interest in United Artists Theater Company, Edwards Theaters, Inc., Regal Cinemas Corporation, and their subsidiaries. The Group operates a chain of theaters in the United States under the Regal Cinemas, Edwards Theaters, and United Artists Theaters.

SmarTrend is monitoring the recent change of momentum in Regal Entertainment Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Regal Entertainment Group in search of a potential trend change.

Keywords: analyst upgrades/downgrades regal entertainment group

Ticker(s): RGC