lol what? Tobacco stocks are dropping on news that Biden is planning to restrict nicotine content in tobacco products. This brings NYSE:MO down about -12% from the high two days ago but still up 14% on the year. It is an attractive dividend yield play at this price (about 7%) but waiting for it to come to a proper support before buying myself.
I like ...
Break out from long term down trend.
Break out from short term up trend.
Pretty bullish in my perspective with immediate resistance at $50; further upside to $53.60 if can cross $50.
For your inputs and trade with caution.
Does the downtrend end?
We broke the downtrend which started in 2017.
We broke out of the huge triangle.
Looks like it's a trend change.
MO has investments in the cannabis sector (cron). The cannabis sector is INSANE right now - so I think it will push MO price.
#MO is in unpopular industry, heavily indebted, wrote down Juul investment, pays 80% of income in dividends (impressive 8.3% yield)...
What else to buy when nearly everything else is overpriced?
Targets: 47.30 , 49.60
Besides the next ex-dividend date is 26/12
Toronto-based Cronos Group has always played it safe by not aggressively going after acquisitions, instead using cash to focus on research and development with its products. With steady revenue numbers, it has kept its balance sheet strong enough to at least survive the COVID-19 storm.
At the moment, Cronos's business is predominantly in Canada, though its...
The chart provides an analysis of the Altria Group Inc ( NYSE:MO ) stock price by Fibonacci and Pitchforks tools.
It is expected to decline the price to at least 28 with a subsequent rise to 50 and 64 after small retracement.
The whole movement is 160% .
Long-term opportunity on Altria, parent company of Philip Morris USA (producer of Marlboro cigarettes). Great dividend stock, sustainable because it is covered by operating cash flow. The price is currently touching the above trendline of this downtrend channel. We'll be looking for a breakout of the rising trend to go short.
Always keep in mind it is a game of...
atm i got Altria on the screen with mixed feelings in terms of technical analysis. The green line gives good support while the red box is a huge resistance. The Trend points upwards while the RSI got a divergence. There is also a chance for wave 3 in this current consolidation.
You could buy that stock as a dividend position (7,9%) and buy more f...
MO has had a terrible time lately and it may just get worse. Currently testing support on the Monthly/Weekly tf from a Down channel extension to the 200 EMA on the Monthy timeframe. Keep this one on watch.
Crypto Crusader here with an extremely speculative pick, a weed stock, to be exact Cronos Group.
I don't have the time to discuss a more detailed analysis, but I'll post this chart to explain my thinking regarding technicals.
In regards to fundamentals, Altria (the maker of Marlboro) owns just under 50% of Cronos Group. You have to wonder, the maker of the...