Bullish Moving Average Cross by Reynolds American (RAI)
Today, shares of Reynolds American (NYSE:RAI) have crossed bullishly above their 10-day moving average of $50.41 on a volume of 461K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Reynolds American has traded in a range of $35.39 to $52.54 and is now at $50.51, 43% above that low. The 200-day and 50-day moving averages have moved 0.42% higher and 0.1% lower over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Reynolds American. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Reynolds American in search of a potential trend change.
Keywords: moving crosses Reynolds American