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Altria Group Inc Set to Possibly Rebound After Yesterday's Selloff of 1.89%

By Amy Schwartz

Altria Group Inc (NYSE:MO) traded in a range yesterday that spanned from a low of $53.35 to a high of $55.05. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $54.30 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group Inc on November 13th, 2018 by issuing a Downtrend alert when the shares were trading at $60.56. Since that call, shares of Altria Group Inc have fallen 10.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Altria Group Inc have traded between a low of $52.90 and a high of $74.38 and are now at $53.37, which is 1% 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 declined 0.7%.

Keywords: rebounders altria group inc

Ticker(s): MO