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Shares of Altria Group Rise Above Previous 52-Week High

By James Quinn

Shares of Altria Group (NYSE:MO) traded at a new 52-week high today of $77.38. So far today approximately 815,000 shares have been exchanged, as compared to an average 30-day volume of 6 million shares.

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 (NYSE:MO) is currently priced 5.6% above its average consensus analyst price target of $73.00. The stock should discover initial support at its 50-day moving average (MA) of $62.19 and subsequent support at its 200-day MA of $58.35.

In the past 52 weeks, Altria Group share prices have been bracketed by a low of $47.31 and a high of $77.38 and are now at $77.35, 63% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

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 6.8%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows altria group

Ticker(s): MO