Altria Group Inc (NYSE:MO) has opened bullishly above the pivot of $60.91 today and has reached the first level of resistance at $61.77. Should the shares continue to rise, the resistance pivots of $62.24 and $63.57 will be of interest.
There is potential upside of 13.3% for shares of Altria Group Inc based on a current price of $61.86 and an average consensus analyst price target of $70.07. The stock should discover initial support at its 200-day moving average (MA) of $61.57 and subsequent support at its 50-day MA of $59.95.
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 15% above that low price at $61.86 per share. The 200-day and 50-day moving averages have moved 0.27% lower and 0.33% higher over the past week, respectively.
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 5.5%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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