Reynolds American (RAI) [sell at target]

RAITrade pressures are down but rising. Volume is bullish changed from neutral.  Now testing the 80 day moving average as resistance. Expect upside follow thru from this 3.7% dividend stock.

The long entry price is 73.20.
The first target is 77.12.
Stops at 70.74

[6/18: two days of upward momentum and bullish volume approaching the first target. Move the stop to the entry price of 73.20.]

[6/19: Friday morning run to the first target of 77.12. Sold here with the weekend and the Greek situation still in the headlines.
A 5.3% return in 3 days!
And a risk free trade after the second day when stops were raised to the entry price.]

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