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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 $46.64 on a volume of 1.1 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.

In the past 52 weeks, Altria Group Inc share prices have been bracketed by a low of $42.40 and a high of $66.04 and are now at $46.07, 9% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.4%.

SmarTrend is monitoring the recent change of momentum in Altria Group Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Altria Group Inc in search of a potential trend change.

Keywords: moving crosses altria group inc

Ticker(s): MO