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Look for Shares of Altria Group Inc to Potentially Rebound after Yesterday's 1.27% Sell Off

By James Quinn

Altria Group Inc (NYSE:MO) traded in a range yesterday that spanned from a low of $62.71 to a high of $63.60. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $63.03 on volume of 3.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Altria Group Inc has traded in a range of $60.01 to $77.79 and is now at $62.73, 5% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group Inc on July 11th, 2017 by issuing a Downtrend alert when the shares were trading at $73.62. Since that call, shares of Altria Group Inc have fallen 13.7%. 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