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Reynolds American Declining With Trend-Confirming Volume (RAI)

By Shiri Gupta

The price of Reynolds American shares has slipped to $45.89 (a 2.9% change) on heavy trading volume. Today's volume of 5.3 million shares tops the average 30-day volume of 4.5 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Over the past year, Reynolds American has traded in a range of $35.39 to $54.48 and is now at $45.89, 30% 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.

Keywords: unusual volume Reynolds American

Ticker(s): RAI