Shares of Altria Group Inc (NYSE:MO) opened today above their pivot of $63.14 and have already reached the first level of resistance at $63.52. Should the shares continue to rise, the resistance pivots of $63.94 and $64.73 will be of interest.
There is potential upside of 10.7% for shares of Altria Group Inc based on a current price of $63.29 and an average consensus analyst price target of $70.07. Altria Group Inc shares have support at the 200-day moving average (MA) of $61.31 and additional support at the 50-day MA of $60.40.
Over the past year, Altria Group Inc has traded in a range of $53.91 to $74.38 and is now at $63.29, 17% above that low. The 200-day and 50-day moving averages have moved 0.24% lower and 0.53% 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 8.6%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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