US equity Market Overview: -
US equity market ended slightly higher despite Iraq fears with Monday. Stocks were helped by the fact that oil prices backed far from $107 a barrel despite of the fact that Iraq internal tensions could threaten its capacity to export oil. However, the Merger and Purchase activity continuation is helping the stocks to sustain in a higher rate. Building Permits data arrives on Tuesday which would certainly help the investors to drive the market in ongoing trend.
REYNOLDS AMERICAN INC
SHARE SUMMARY: -
Reynolds American Inc is overall in bullish trend which is sustaining at higher quantities on chart. Traders can buy the stock above the level of $60. 45 which is really a near term resistance level for that stock, and if it is able to to breach this levels further bullish movement is expected in this stock to test the degrees of $62. 50.
CHART ENHANCEMENT
Stock is in bullish pattern for near term and price is sustaining over the trend line together with good consolidation on every day intraday chart. Near term breach of resistance a higher level $60. 45 is estimated, which would trigger bullish sentiment in the stock to test the degrees of $62. 50.
INDICATORS:-
RSI is trading with positive bias and in MACD signal line is sustaining over MACD line which is indicating the bullish sentiment in the stock
US equity market ended slightly higher despite Iraq fears with Monday. Stocks were helped by the fact that oil prices backed far from $107 a barrel despite of the fact that Iraq internal tensions could threaten its capacity to export oil. However, the Merger and Purchase activity continuation is helping the stocks to sustain in a higher rate. Building Permits data arrives on Tuesday which would certainly help the investors to drive the market in ongoing trend.
REYNOLDS AMERICAN INC
Reynolds American Inc is overall in bullish trend which is sustaining at higher quantities on chart. Traders can buy the stock above the level of $60. 45 which is really a near term resistance level for that stock, and if it is able to to breach this levels further bullish movement is expected in this stock to test the degrees of $62. 50.
CHART ENHANCEMENT
Stock is in bullish pattern for near term and price is sustaining over the trend line together with good consolidation on every day intraday chart. Near term breach of resistance a higher level $60. 45 is estimated, which would trigger bullish sentiment in the stock to test the degrees of $62. 50.
INDICATORS:-
RSI is trading with positive bias and in MACD signal line is sustaining over MACD line which is indicating the bullish sentiment in the stock
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