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Altria Group Inc (MO) Crosses Pivot Point Resistance at $54.92

By Amy Schwartz

Shares of Altria Group Inc (NYSE:MO) have bullishly opened above the pivot of $54.41 today and have reached the first resistance level of $54.92. Analysts will be watching for a cross of the next upside pivot targets of $55.31 and $56.21.

There is potential upside of 39.6% for shares of Altria Group Inc based on a current price of $54.98 and an average consensus analyst price target of $76.73. The stock should run into initial resistance at its 200-day moving average (MA) of $58.35 and subsequent resistance at its 50-day MA of $62.19.

Altria Group Inc share prices have moved between a 52-week high of $77.79 and a 52-week low of $53.91 and are now trading 2% above that low price at $54.98 per share. The 200-day and 50-day moving averages have moved 0.34% higher and 0.25% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group Inc on April 19th, 2018 by issuing a Downtrend alert when the shares were trading at $58.30. Since that call, shares of Altria Group Inc have fallen 6.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts altria group inc

Ticker(s): MO