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Bearish Moving Average Cross by British American Tobacco (BTI)

By Amy Schwartz

Today, shares of British American Tobacco (AMEX:BTI) have fallen below their 10-day MA of $70.82 on a volume of 222K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of British American Tobacco have traded between a low of $61.32 and a high of $131.34 and are now at $70.69, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.88% higher over the past week, respectively.

SmarTrend is tracking the current trend status for British American Tobacco and will alert subscribers who have BTI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:bti british american tobacco

Ticker(s): BTI