[May 15, 2012] Next Support Level for Regions Financial (RF) is $6.35 Tweet May 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Regions Financial (NYSE:RF) has opened bearishly below the pivot of $6.51 today and has reached the first level of support at $6.40. Analysts will be watching for a cross of the next downside pivot targets of $6.35 and $6.19. Regions Financial (NYSE:RF) has potential upside of 15.0% based on a current price of $6.48 and analysts' consensus price target of $7.45. The stock should find initial support at its 50-day moving average (MA) of $6.38 and further support at its 200-day MA of $4.91. In the past 52 weeks, shares of Regions Financial have traded between a low of $2.82 and a high of $7.26 and are now at $6.48, which is 130% above that low price. 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 subscribers consider buying shares of Regions Financial on October 12th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.79. Since that recommendation, shares of Regions Financial have risen 70.4%. We continue to monitor RF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]