Regional Banks Approach 23-Month Moving Average: What It Could Mean for the Sector

“The monthly chart is one of my favorites to look at, especially when one draws in the 23- and 80-month moving averages.If the price clears, then we will assume that the stock has more room to run with a now 2-year business cycle expansion.If the stock comes in lower, we will use a support level of $77-80 to gauge the company’s health.”To review, KRE was the first sector in the Family to signal a warning in March 2023 that something was amiss.

However, we must note that on a shorter timeframe, KRE is trading at its highest levels since January 2024.

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