Nearest Support: $9.40
Catalyst: Technical Setup >>5 Stocks With Big Insider Buying Meanwhile, the exact opposite setup is shaping up in regional bank Regions Financial ( RF). Regions has been in an uptrend for all of 2013, enjoying leadership alongside the rest of the financial sector. And shares of the firm are breaking out to new highs today after taking out resistance at $9.40. Now that level is support. Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses. Risk-tolerant traders can enter a position here with a tight stop in place. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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