OptionsPlay DailyPlay

The DailyPlay we chose for Thursday April 23rd is Reynolds American Inc. (RAI). RAI is part of the Consumer Staples sector (XLP). XLP’s 1-month and 6-month trends are bullish as looks positioned to move higher towards its $50.22 resistance level.

Reynolds American Inc. is in a strong bullish trend and showing positive momentum as it approaches its 52-week high at $76.23. A nice break above could send RAI higher.

View this trade idea on $RAI