SmarTrend Watching for Potential Rebound in Shares of Reynolds American After 2.98% Loss
Reynolds American (NYSE:RAI) traded in a range yesterday that spanned from a low of $43.38 to a high of $46.27. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $47.13 on volume of 8.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
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.
In the past 52 weeks, shares of Reynolds American have traded between a low of $35.39 and a high of $54.48 and are now at $45.98, which is 30% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.
Keywords: rebounders Reynolds American