Altria may rise to 53.60 - 54.60

Our pivot point stands at 49.

Our preference

As long as 49 is support look for 53.6.

Alternative scenario

Below 49, expect 47.3 and 46.3.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 49.6505 and 47.5294).

Supports and resistances

55.6 **

54.6 *

53.6 **

52.6

50.43 (USD-last)

49.6

49 **

47.3 *

46.3 **

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