Maybe a bull flag or ascending triangle as well. It looks like they're trading above the 200 Day MA, which is bullish for the stock in determining the direction of the trend at times.
- Possible trade lining up here, be patient and wait for the break to confirm . - MANAGE YOUR RISK - Disclaimer: All ideas are my opinion and should not be taken as financial advice.
If any stock can do a fakeout, it's Altria. We've seen intense selling to where the RSI is no good. FDA pressure and fears of menthol bans accelerated the selling momentum. We broke down through the channel, furthering bear strength and then through a strong support slope. Yearly bottom of April has held. I'm seeing a bear flag, yet overlapped with a semblance of...
British American Tobacco (JSE:BTI), is one of the top 5 tobacco companies in the world, owning popular tobacco brands like Palmal, Kent, Lucky Strike Dunhill, Kool, Benson and Hedges, Peter Stuyvesant and Rothmans. With its headquarters in London, BAT has global operations in more than 180 countries. BAT shares are for sale on the London Stock Exchange and have a...
$MO - Heavy selling today in Altria Group Inc, along with $9M in December Puts being purchased at $60 & $55 strikes. It appears the strong resistance at $61 is holding and stock is headed for further declines (lower low) into next ER in late October. Medium term price target - $50 by late October Note: Informational analysis, not investment advice.
Consider looking for a long position in PM as it failed to follow through on a new 52 week low attempt.