Altria Group Inc (NYSE:MO) traded in a range yesterday that spanned from a low of $61.14 to a high of $62.95. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $62.67 on volume of 6.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
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 17% above that low price at $62.82 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.0%.
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 9.2%. We continue to monitor MO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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