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After Yesterday's Rally of 3.22% Shares Could Potentially Pullback

By David Diaz

British American Tobacco (AMEX:BTI) traded in a range yesterday that spanned from a low of $128.74 to a high of $130.18. Yesterday, the shares gained 3.2%, which took the trading range above the 3-day high of $125.54 on volume of 328,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for British American Tobacco and will alert subscribers who have BTI in their portfolio or watchlist when shares have changed trend direction.

British American Tobacco share prices have moved between a 52-week high of $131.34 and a 52-week low of $99.81 and are now trading 30% above that low price at $129.35 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

Keywords: rebounders amex:bti british american tobacco

Ticker(s): BTI