Shares of Altria Group Inc (NYSE:MO) opened today below their pivot of $59.68 and have already reached the first level of support at $59.22. Investors may be interested in a cross of the next downside pivot targets of $58.89 and $58.10.
Altria Group Inc share prices have moved between a 52-week high of $74.38 and a 52-week low of $53.91 and are now trading 10% above that low price at $59.31 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
There is potential upside of 18.1% for shares of Altria Group Inc based on a current price of $59.31 and an average consensus analyst price target of $70.07. The stock should find resistance at its 200-day moving average (MA) of $62.80, as well as support at its 50-day MA of $57.39.
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.
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