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ChristopherCarrollSmith

$1.00 per share upside in Regions Financial?

Long
Regions Financial Corporation (NYSE:RF)  
ChristopherCarrollSmith Updated   
NYSE:RF   Regions Financial Corporation
Chart Patterns Triangle Fundamental Analysis financialstocks
4
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chartpattern triangle fundamental financialstocks
Regions Financial (RF) recently broke out of the top side of a triangle and appears to be working its way through all the sellers in the $14.50-$14.60 resistance range today. From there, the coast is fairly clear up to about $15.50. Analyst ratings are mostly bullish on the stock.
Comment:
RF not only failed to breach resistance, but also just broke below its upward trend line, which is a worrying sign of weakness.

snapshot
Comment:
Back on course to $15.50!
Comment:
So far so good, but RF is entering the high-volume zone from back in April-May and meeting some resistance. I took a little profit here and will take a little more at 15.23.
Comment:
RF tested support after rate cut decision. So far holding above support level.

snapshot

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