Altria's most recent trend suggests a bearish bias. One trading opportunity on Altria is a Bear Call Spread using a strike $66.50 short call and a strike $71.50 long call offers a potential 5.04% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $66.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $71.50 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Altria is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Altria is bearish.
The RSI indicator is at 24.55 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Altria
Why Altria Group, Inc. Stock Dropped 13% Last Month
Mon, 07 Aug 2017 23:44:00 +0000
The tobacco giant slipped on a new FDA plan and a middling earnings report.
Reality Reflects Art: World Puts Grisly Graphics On Cigarette Packs; US Tries Different Approach
Mon, 07 Aug 2017 13:00:46 +0000
Where have we seen this movie before? It was “Thank You For Smoking,” a barbed satire based on a Christopher Buckley novel about the government’s attempt to rein in the cigarette trade by forcing Big Tobacco …
The FDA's New Nicotine Proposal Spells Trouble for Big Tobacco
Sat, 05 Aug 2017 12:19:00 +0000
Will the age-old moneymaking strategy for Big Tobacco go up in smoke?
Why Philip Morris International Inc. (PM) Stock Still Has Long-Term Oomph
Thu, 03 Aug 2017 17:20:51 +0000
Philip Morris International Inc. (NYSE:PM) is the world’s largest tobacco company. Then, earlier this week, the Food and Drug Administration announced that it was looking into regulating nicotine levels in tobacco products. As far as PM stock goes, its quarterly earnings weren’t a big surprise.
"Fast Money" final trades: AAPL, DIS and more
Wed, 02 Aug 2017 21:59:00 +0000
The “Fast Money” traders discuss their final trades for the day including Mondelez International, Altria Group, Walt Disney and Apple.
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