Altria Group Inc (NYSE:MO) has opened bullishly above the pivot of $47.57 today and has reached the first level of resistance at $47.84. Should the shares continue to rise, the resistance pivots of $48.32 and $49.07 will be of interest.
Altria Group Inc share prices have moved between a 52-week high of $66.04 and a 52-week low of $42.40 and are now trading 13% above that low price at $47.82 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.6%.
Potential upside of 46.5% exists for Altria Group Inc, based on a current level of $47.82 and analysts’ average consensus price target of $70.07. The stock should find initial resistance at its 50-day moving average (MA) of $51.47 and further resistance at its 200-day MA of $54.35.
SmarTrend recommended that its subscribers protect gains by selling shares of Altria Group Inc on April 5th, 2019 by issuing a Downtrend alert when the shares were trading at $54.47. Since that call, shares of Altria Group Inc have fallen 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
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