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Bearish Moving Average Cross by Altria Group Inc (MO)

By Shiri Gupta

Today, shares of Altria Group Inc (NYSE:MO) have fallen below their 10-day MA of $56.91 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Altria Group Inc share prices have moved between a 52-week high of $77.79 and a 52-week low of $53.91 and are now trading 5% above that low price at $56.76 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Altria Group Inc and will alert subscribers who have MO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses altria group inc

Ticker(s): MO