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Altria Group Inc Falls 1.80% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Altria Group Inc (NYSE:MO) traded in a range yesterday that spanned from a low of $59.62 to a high of $60.61. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $60.84 on volume of 4.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Altria Group Inc on July 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.10. Since that recommendation, shares of Altria Group Inc have risen 5.2%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Altria Group Inc share prices have been bracketed by a low of $53.91 and a high of $74.38 and are now at $60.02, 11% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.

Keywords: rebounders altria group inc

Ticker(s): MO