NEW YORK ( TheStreet) -- I have been warning about the risk of reversion to the mean and in my first post today I showed how 11 components of the Dow Industrial Average have either held their 200-day simple moving averages on weakness, or are now trading below its 200-day SMA.In this post I show that only one of the 24 members of the regional banking index is below its 200-day SMA. Others have been declining towards these key levels as key supports after failing to hold their 50-day SMAs.
Four 'Too Big to Fail' Regional Banks Are Above 200-day SMA
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