Altria may rise to 47.60 - 48.20

Our pivot point stands at 43.6.

Our preference

As long as 43.6 is support look for 47.6.

Alternative scenario

Below 43.6, expect 42.6 and 41.9.

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 trading under its 20 day moving average (45.8485) but above its 50 day moving average (44.4702).

Supports and resistances

48.9 **

48.2 *

47.6 **

46.9

45.43 (USD-last)

44.1

43.6 **

42.6 *

41.9 **

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