• Return to Headlines

Shares of Reynolds American Rise to a New 52-Week High

By David Diaz

Reynolds American (NYSE:RAI) traded at a new 52-week high today of $66.15. Approximately 411,000 shares have changed hands today, as compared to an average 30-day volume of 4.5 million shares.

Reynolds American (NYSE:RAI) defies analysts with a current price ($66.07) 9.6% above its average consensus price target of $59.74. The stock should find initial support at its 50-day moving average (MA) of $50.13 and further support at its 200-day MA of $46.54.

Reynolds American share prices have moved between a 52-week high of $66.15 and a 52-week low of $35.39 and are now trading 87% above that low price at $66.07 per share. 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.

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.

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 19.4%. 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