Sold half my position in MO @ 51.50 because it reached over 100% gain. Now I will be playing with the house's money. Keep those dividends coming. This stock is parked in my IRA acct. I had a set and forget strategy on this because I have no use for IRA funds at this time. I didn't mind waiting it out while the company, stock, and the dividend grew, but i think now...
MO is overbought and is on a downtrend, You can capture at least 6% downside on this trade in the short term. Please find the attached chart. The two supports shown in the charts are at $50 and $49. The trend is down and it even gapped down on Friday. Open: 53.33 Target Price: 50.0 or below Potential Profit: 3.33 (Approximately 6%) Stop Loss: 54.80