Altria may rise to 49.40 - 50.10

Our pivot point stands at 45.6.

Our preference

The upside prevails as long as 45.6 is support.

Alternative scenario

The downside breakout of 45.6 would call for 44.4 and 43.7.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 45.8855 and 45.618).

Supports and resistances

50.9 **

50.1 *

49.4 **

48.6

47.08 (USD-last)

46.1

45.6 **

44.4 *

43.7 **

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