Altria may rise to 47.70 - 48.30

Our pivot point stands at 44.8.

Our preference

The upside prevails as long as 44.8 is support.

Alternative scenario

Below 44.8, expect 43.9 and 43.4.

Comment

The RSI is above its neutrality area at 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 44.8125 and 43.5538).

Supports and resistances

48.8 **

48.3 *

47.7 **

47.2

45.64 (USD-last)

45.1

44.8 **

43.9 *

43.4 **

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