Over the last 12 months Regal Entertainment Group (NYSE:RGC) has for the most part traded level, struggling to break out above the $20.00 per share mark. In the first week of May 2014, it may have started to reverse that trend, as in a little over a month it jumped from $18.53 per share on May 6, to $20.44 per share, as of the close on June 10. The share price dipped immediately after its latest earnings report, but began its upward trajectory about two weeks later. We'll look at the causes of that, and whether or not Regal's breakout has legs to it, or if it's going to quickly falter.
If it is able to sustainably trade...
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