Altria may rise to 48.50 - 49.00

Our pivot point stands at 45.9.

Our preference

As long as 45.9 is support look for 48.5.

Alternative scenario

The downside breakout of 45.9 would call for 45.1 and 44.6.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 45.938 and 43.9778).

Supports and resistances

49.5 **

49 *

48.5 **

48

46.7 (USD-last)

46.3

45.9 **

45.1 *

44.6 **

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