Reynolds America

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Reynolds America ( RAI), through its subsidiaries, manufactures and sells cigarette and other tobacco products in the U.S. This stock is trading up 0.55% at $40.33 in recent trading after hitting a 52-week high of $40.49 earlier in the day.

Today's Range: $39.67-$40.49

52-week Range: $30.94-$40.49

Volume: 1,234,000

Three-Month Average Volume: 3,273,270

Reynolds America has a market cap of $23.56 billion and an enterprise value of $25.04 billion. This stock trades at a trailing price-to-earnings of 17.8 and a forward price-to-earnings of 13.74. Its estimated growth rate for this year is 11.6%, and for the next year it's pegged at 5.8%. The current short interest as a percentage of the float for Reynolds America is very low at just 2.0%.

From a technical standpoint, this stock is starting to break out today above some past overhead resistance at $39.94. Market players should now watch for the stock to sustain a move and close above $39.94 to signal that this stock wants to trend significantly higher. Look for a high-volume close above $39.94 that registers volume near or above its three-month average action of 3.27 million.

>>Are Stocks Headed for a Year-End Rally?

Keep mind that that shares of RAI are now trading near all-time highs, so that means just about everyone who has ever bought the stock is making money. That's bullish for any stock, since investors tend to pour money into names that are acting this strong.

If you liked this article you might like

Idenix Pharma's Hep C Drug Safe But Slow (And Ready For Sale)

Hep C Deal-A-Palooza: Bristol-Myers Buys Inhibitex for $2.5 Billion

Inhibitex Shares Whipsawed by Cautious Analyst Comment

5 Big Surprise Stock Winners of 2011

5 Big Surprise Stock Winners of 2011

'Fast Money' Recap: Beaten-Up Financials Eyed