Regions Financial (RF) NewsBite - RF Hits 52-Week High

Posted: Wednesday, March 10, 2010 3:10 PM EDT
By: Market Intelligence Center Staff





Regions Financial (NYSE: RF) hit a new 52-Week high of $7.62 so far today. Currently the stock is up $0.49 (7.09%) to $7.40 on 30,507,022 shares traded. Today's high is up $4.22 from a 52-Week Low of $3.18. Regions Financial stock has been showing support around $6.65 and resistance in the $7.13 range. Technical indicators for the stock are bullish and S&P gives RF a positive 4 STARS (out of 5) buy ranking. RF continues recent strength, with the stock rising to a new 52 week high earlier in the day. If you are looking for a hedged play on RF the stock seems like it could be a candidate for an August out-of-the-money bull-put credit spread below the 6 range. [ABR-Seven Summits Strategic Investments NewsBite]



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