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Reynolds American Bullish Moving Average Crossover Alert (RAI)

By Amy Schwartz

Reynolds American (NYSE:RAI) shares have crossed bullishly above their 10-day moving average of $54.60 on a volume of 857K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Reynolds American have traded between a low of $35.39 and a high of $56.65 and are now at $54.97, which is 55% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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

Ticker(s): RAI