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Shares of Altria Group Inc Has Fallen Below Previous 52-Week Low

By Amy Schwartz

Altria Group Inc (NYSE:MO) traded at a new 52-week low today of $32.43. This new low was reached on below average trading volume as 1.4 million shares traded hands, while the average 30-day volume is approximately 11.9 million shares.

Potential upside of 112.7% exists for Altria Group Inc, based on a current level of $32.95 and analysts' average consensus price target of $70.07. Altria Group Inc shares should first meet resistance at the 50-day moving average (MA) of $45.14 and find additional resistance at the 200-day MA of $46.57.

Altria Group, Inc. is a holding company. The Company, through subsidiaries, manufactures and sells cigarettes and other tobacco products, including cigars and pipe tobacco. Altria holds an interest in a brewery company.

Over the past year, Altria Group Inchas traded in a range of $32.43 to $57.88 and are now at $32.95. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.6% while the 200-day MA has slid 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group Inc on January 30th, 2020 by issuing a Downtrend alert when the shares were trading at $47.74. Since that call, shares of Altria Group Inc have fallen 28.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows altria group inc

Ticker(s): MO