• Return to Headlines

Altria Group Inc Falls 4.21% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Altria Group Inc (NYSE:MO) traded in a range yesterday that spanned from a low of $42.46 to a high of $43.03. Yesterday, the shares fell 4.2%, which took the trading range below the 3-day low of $43.47 on volume of 8.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Altria Group Inc share prices have moved between a 52-week high of $66.04 and a 52-week low of $42.40 and are now trading 0% above that low price at $42.54 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.7%.

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 $46.93. Since that call, shares of Altria Group Inc have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders altria group inc

Ticker(s): MO