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Shares of Altria Group Inc Fall Below Previous 52-Week Low

By James Quinn

Altria Group Inc (NYSE:MO) traded today at a new 52-week low of $41.27. This new low was reached on below average trading volume as 2.4 million shares traded hands, while the average 30-day volume is approximately 10.9 million shares.

Altria Group Inc (NYSE:MO) has potential upside of 68.4% based on a current price of $41.62 and analysts' consensus price target of $70.07. The stock should run into initial resistance at its 50-day moving average (MA) of $47.00 and subsequent resistance at its 200-day MA of $50.58.

Altria Group, Inc. is a holding company. The Company, through subsidiaries, manufactures and sells cigarettes and other tobacco products, including cigars and pipe tobacco. Altria holds an interest in a brewery company.

Altria Group Inc share prices have moved between a 52-week high of $66.04 and the current low of $41.27 and are currently at $41.62 per share. The 200-day and 50-day moving averages have moved 0.52% lower and 0.89% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group Inc on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $46.94. Since that call, shares of Altria Group Inc have fallen 10.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows altria group inc

Ticker(s): MO