Altria Group Inc (NYSE:MO) traded in a range yesterday that spanned from a low of $59.35 to a high of $60.70. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $60.32 on volume of 3.0 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 $53.91 and a high of $74.38 and are now at $59.49, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.
SmarTrend recommended that subscribers consider buying shares of Altria Group Inc on July 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.10. Since that recommendation, shares of Altria Group Inc have risen 4.3%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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