What's next in store with MO? From the long term chart we can see it tried to breach resistance but was dealt a bit of a fatal blow with recent news:
Question now is will earnings take this up again to resistance or back down to support?
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 ...
After breaking a long multi-year down channel, looks like it touched briefly at resistance of the 51-52 region. Just one day so hoping this remains in the area and breaks through with a retest as support.
Green bar is what I've staged as a longer term support level and blue bars previous points that the price action was rejected - and will likely act as...
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.
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...
This holding is one that should weather downtrends should the market shifts to value and rates increase. $MO offers a 7.7% yield presently and long term technical indicators on 1M and 1W all look solid.
$MO has traded with some correlation to rates over the past 20 years so if rates are to increase this is a solid safety play and should increae as well. $MO...
Let's start with the obvious, MO has just broken the multi year downward tend for the week interval. If that isn't significant you may need to have your sack examined. You can see the trend beginning in June of 2017. People apparently stopped smoking and stopped believing POT was going to get legalized under the previous administration.
We can see that since...
in a downtrend for now, but once the top trendline breaks we can see a test of 52, good dip entry here though! long 43,, stop loss 39 and price target 52, very good risk reward! goodluck :)
Altria yields a fantastic 10% dividend return. Cigarettes are not going away, especially not in a time of crisis.
I think it can easily go x2, x3. maybe more.
