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Altria Group (MO) Crosses Pivot Point Support at $62.43

By David Diaz

Shares of Altria Group (NYSE:MO) have bearishly opened below the pivot of $62.77 today and have reached the first support level of $62.43. Investors may be interested in a cross of the next downside pivot targets of $62.21 and $61.65.

There is potential upside of 0.0% for shares of Altria Group based on a current price of $0.00 and an average consensus analyst price target of $63.88. 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.

In the past 52 weeks, Altria Group share prices have been bracketed by a current low of $0.00 and a high of $70.14 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group on July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $66.78. Since that call, shares of Altria Group have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts altria group

Ticker(s): MO