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Watch for Altria Group Inc to Potentially Rebound After Falling 2.06% Yesterday

By Amy Schwartz

Altria Group Inc (NYSE:MO) traded in a range yesterday that spanned from a low of $64.62 to a high of $65.90. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $65.13 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.

In the past 52 weeks, Altria Group Inc share prices have been bracketed by a low of $60.01 and a high of $77.79 and are now at $64.73, 8% above that low price. 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 is tracking the current trend status for Altria Group Inc and will alert subscribers who have MO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders altria group inc

Ticker(s): MO