Altria may rise to 54.40 - 55.50

Our pivot point is at 49.4.

Our preference

As long as 49.4 is support look for 54.4.

Alternative scenario

Below 49.4, expect 47.7 and 46.6.

Comment

The RSI is above its neutrality area at 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 50.188 and 47.988).

Supports and resistances

56.5 **

55.5 *

54.4 **

53.4

51.32 (USD-last)

50

49.4 **

47.7 *

46.6 **

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