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Reynolds American Crosses Below its 10-day MA (RAI)

By Nick Russo

Today, shares of Reynolds American (NYSE:RAI) have fallen below their 10-day MA of $46.85 on a volume of 5.6 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Reynolds American share prices have been bracketed by a low of $35.39 and a high of $54.48 and are now at $45.89, 30% above that low price. 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 tracking the current trend status for Reynolds American and will alert subscribers who have RAI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Reynolds American

Ticker(s): RAI