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Watch for Shares of Altria Group Inc (MO) to Approach Support at $42.85

By Amy Schwartz

Shares of Altria Group Inc (NYSE:MO) opened today below their pivot of $44.34 and have already reached the first level of support at $43.65. Should the shares continue to fall, the support pivots of $42.85 and $41.36 will be of interest.

In the past 52 weeks, shares of Altria Group Inc have traded between a low of $42.40 and a high of $66.04 and are now at $44.46, which is 5% above that low price. The 200-day and 50-day moving averages have moved 0.56% lower and 0.72% lower over the past week, respectively.

Altria Group Inc has overhead space with shares priced $44.46, or 36.6% below the average consensus analyst price target of $70.07. Altria Group Inc shares should first meet resistance at the 50-day moving average (MA) of $47.42 and find additional resistance at the 200-day MA of $50.84.

SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group Inc on August 5th, 2019 by issuing a Downtrend alert when the shares were trading at $46.93. Since that call, shares of Altria Group Inc have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts altria group inc

Ticker(s): MO