tech_yogi

Looking for something strong in this market..?

Long
NYSE:MO   Altria Group, Inc.
The week is just getting started but this looks like a strong breakout from a 3+ year downtrend. I guess people are looking for places to hide and earn some low 8%+ type safe yields and not be too exotic with "growth". First target is a retouch of 200 dma nicely aligning with one of the previous lower highs. From there we will see if this can pull a sustainable up move or will again retrace. All while you earn a nice 8% juice to wait. I am in.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.