Regency Centers Corp (NASDAQ: REG)

Regency Centers Corp. operates as a real estate investment trust, which engages in the ownership, operation, and development of retail shopping centers. Its portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to its neighborhoods, communities, and customers.

Take a look at the 1-year chart of Regency (NASDAQ: REG) below with my added notations:

1-year chart of Regency Centers (NASDAQ: REG)

During the past couple of months, REG has formed a key level of resistance to watch at the $45 (red) mark. The stock tested that $45 mark twice back in April. A solid close above that $45 level should lead to higher prices for REG.

The Tale of the Tape: REG has a key level of resistance at $45. A long trade could be entered on a breakthrough of that level. However, if you are bearish on the stock, a short trade could be made on any rallies up to $45.

Before making any trading decision, decide which side of the trade you believe gives you the highest probability of success. Do you prefer the short side of the market, long side, or do you want to be in the market at all? If you haven’t thought about it, review the overall indices themselves. For example, take a look at the S&P 500. Is it trending higher or lower? Has it recently broken through a key resistance or support level? Making these decisions ahead of time will help you decide which side of the trade you believe gives you the best opportunities.

No matter what your strategy or when you decide to enter, always remember to use protective stops and you’ll be around for the next trade. Capital preservation is always key!

Good luck!
Christian Tharp, CMT