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Look for Shares of Altria Group Inc to Potentially Rebound after Yesterday's 1.89% Sell Off

By David Diaz

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.

Altria Group Inc share prices have moved between a 52-week high of $74.38 and a 52-week low of $52.90 and are now trading 1% above that low price at $53.37 per share. 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%.

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.

Keywords: rebounders altria group inc

Ticker(s): MO