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British American Tobacco Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of British American Tobacco (AMEX:BTI) traded today at $130.82, breaking its 52-week high. This new high was reached on below average trading volume as 140,000 shares traded hands, while the average 30-day volume is approximately 252,000 shares.

In the past 52 weeks, British American Tobacco share prices have been bracketed by a low of $99.81 and a high of $130.82 and are now at $130.41, 31% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

British American Tobacco p.l.c. is the holding company for a group of companies that manufacture, market and sell cigarettes and other tobacco products, including cigars and roll-your-own tobacco.

Potential upside of 2.0% exists for British American Tobacco, based on a current level of $130.41 and analysts' average consensus price target of $133.00. The stock should find initial support at its 50-day moving average (MA) of $116.87 and further support at its 200-day MA of $112.94.

SmarTrend is monitoring the recent change of momentum in British American Tobacco. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of British American Tobacco in search of a potential trend change.

Keywords: 52 week high/lows amex:bti british american tobacco

Ticker(s): BTI