Regions Financial Broke Resistance

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Regions Financial Broke Resistance

Published on Tuesday, 24 January 2012 19:36 Written by Christian Paolinetti

New York, January 24th (TradersHuddle.com) - Shares of Regions Financial Corporation (NYSE:RF) closed the trading session at $5.23 just above calculated resistance at $4.99 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Regions Financial Corporation (NYSE:RF) is a regional multi-bank holding company. The Company provides mortgage banking, leasing, commercial accounts receivable factoring, specialty mortgage financing, and securities brokerage services. Regions provides banking services throughout the South, Midwest, and Eastern United States.

Regions Financial's stock was trading in a well defined range with support at $4.53 and resistance at $4.99, given that this range was broken traders will be closely monitoring the stock

Regions Financial Corporation Repurchases Warrant from U.S. Treasury - Benzinga
Regions Financial Corporation Repurchases Warrant from U.S. Treasury - Benzinga
Regions Financial Corporation (RF): Today's Featured Financial Winner - TheStreet.com
Regions: Financial Winner - TheStreet.com
UPDATE: Morgan Stanley Raises Regions Financials' PT - Benzinga
UPDATE: Keefe, Bruyette & Woods Raises PT to $7 on Regions Financial Corporation: Low Credit Provisions - Benzinga
Regions Financial Beats as Credit Costs Plunge - TheStreet.com
Regions Financial Pays Bailout Bill - TheStreet.com
Regions Financial Rises On Unusually High Volume (RF) - TheStreet.com
Regions Financial Stock To Go Ex-dividend Tomorrow (RF) - TheStreet.com

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