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Bearish Moving Average Cross by Altria Group (MO)

By David Diaz

Today, shares of Altria Group (NYSE:MO) have crossed bearishly below their 10-day moving average of $75.27 on a volume of 960K 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.

Altria Group share prices have moved between a 52-week high of $76.54 and a 52-week low of $47.31 and are now trading 58% above that low price at $74.73 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Altria Group on May 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.38. Since that recommendation, shares of Altria Group have risen 4.2%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses altria group

Ticker(s): MO