Altria may rise to 48.30 - 49.00

Our pivot point is at 44.8.

Our preference

As long as 44.8 is support look for 48.3.

Alternative scenario

Below 44.8, expect 43.6 and 42.9.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 45.863 and 45.3566).

Supports and resistances

49.7 **

49 *

48.3 **

47.5

46.1 (USD-last)

45.3

44.8 **

43.6 *

42.9 **

Number of asterisks represents the strength of support and resistance levels.