Altria Group Inc (NYSE:MO) has opened bullishly above the pivot of $60.06 today and has reached the first level of resistance at $60.61. Should the shares continue to rise, the resistance pivots of $61.17 and $62.28 will be of interest.
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 14% above that low price at $61.28 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.4%.
Potential upside of 14.3% exists for Altria Group Inc, based on a current level of $61.28 and analysts’ average consensus price target of $70.07. The stock should discover initial support at its 200-day moving average (MA) of $61.15 and subsequent support at its 50-day MA of $60.57.
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 3.4%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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