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Reynolds American: The Winning Streak Continues (RAI)

By Amy Schwartz

Reynolds American (NYSE:RAI) traded today at a new 52-week high of $67.31. Approximately 760,000 shares have changed hands today, as compared to an average 30-day volume of 4.5 million shares.

Based on a current price of $67.21, Reynolds American is currently 11.1% above its average consensus analyst price target of $59.74. The stock should discover initial support at its 50-day moving average (MA) of $50.13 and subsequent support at its 200-day MA of $46.54.

Reynolds American Inc., through its subsidiaries, manufactures tobacco and smokeless tobacco products. The Company's subsidiary sells its products in the United States and its territories.

Over the past year, Reynolds American has traded in a range of $35.39 to $67.31 and is now at $67.21, 90% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Reynolds American on October 21st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.89. Since that recommendation, shares of Reynolds American have risen 22.7%. We continue to monitor RAI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Reynolds American

Ticker(s): RAI