TMCnet News
Regions Financial (RF) Approaches New Upside Target of $7.44Jan 16, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Regions Financial (NYSE:RF) have bullishly opened above the pivot of $7.25 today and have reached the first resistance level of $7.36. Analysts will be watching for a cross of the next upside pivot targets of $7.44 and $7.63. In the past 52 weeks, shares of Regions Financial have traded between a low of $4.75 and a high of $7.73 and are now at $7.31, which is 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant. There is potential upside of 7.8% for shares of Regions Financial based on a current price of $7.31 and an average consensus analyst price target of $7.88. The stock should find initial support at its 50-day moving average (MA) of $6.82 and further support at its 200-day MA of $6.78. SmarTrend is tracking the current trend status for Regions Financial and will alert subscribers who have RF in their portfolio or watchlist when shares have changed trend direction. 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 |