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Bearish Moving Average Cross by Altria Group (MO)

By David Diaz

Today, shares of Altria Group (NYSE:MO) have fallen below their 10-day MA of $62.20 on a volume of 1.9 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Altria Group have traded between a low of $47.31 and a high of $70.14 and are now at $61.81, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.25% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $66.78. Since that call, shares of Altria Group have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses altria group

Ticker(s): MO