Reynolds American (RAI) NewsBite - RAI Hits 52-Week High
Posted: Friday, November 13, 2009 2:59 PM EDT
By: Market Intelligence Center Staff
Reynolds American (NYSE: RAI) hit a new 52-Week high of $50.47 so far today. Currently the stock is up $0.98 (1.99%) to $50.30 on 1,036,011 shares traded. Today's high is up $18.75 from a 52-Week Low of $31.55. Reynolds American stock has been showing support around $48.65 and resistance in the $49.87 range. Technical indicators for the stock are bullish and S&P gives RAI a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on RAI the stock seems like it could be a candidate for a February out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Reynolds American (RAI) Stock ReportSee what our analysts have uncovered about Reynolds American (RAI).