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