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Watch for Altria Group Inc to Potentially Pullback After Gaining 1.51% Yesterday

By Nick Russo

Altria Group Inc (NYSE:MO) traded in a range yesterday that spanned from a low of $50.77 to a high of $51.20. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $51.12 on volume of 3.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Altria Group Inc share prices have been bracketed by a low of $39.30 and a high of $57.88 and are now at $51.51, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of Altria Group Inc on October 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.81. Since that recommendation, shares of Altria Group Inc have risen 16.1%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders altria group inc

Ticker(s): MO