Reynolds American Crosses Below its 10-day MA (RAI)
Reynolds American (NYSE:RAI) crossed under its 10-day moving average of $50.64 on a volume of 387K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Reynolds American has traded in a range of $35.39 to $54.48 and is now at $50.48, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.
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