Altria (MO) Offering Possible 9.17% Return Over the Next 6 Calendar Days

Altria's most recent trend suggests a bearish bias. One trading opportunity on Altria is a Bear Call Spread using a strike $65.50 short call and a strike $70.50 long call offers a potential 9.17% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.50 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock rose above the $70.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Altria is bearish and the probability of a decline 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 21.56 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

Crushed by New FDA Tobacco Plan, Altria Stock Is a Buy
Thu, 10 Aug 2017 12:54:00 +0000
There's still hope for tobacco companies in the new FDA proposal.

IHS Markit Score Update: Drop in demand for ETFs holding Altria Group Inc is a negative sign for its shares
Thu, 10 Aug 2017 12:00:18 +0000
Altria Group Inc NYSE:MO

Will Tobacco Troubles Really Char Staples ETFs' Safety?
Tue, 08 Aug 2017 18:11:06 +0000
FDA intends to reduce nicotine levels in cigarettes to non-addictive. Will these hurt consumer staples ETFs at all?

U.S. FDA to launch campaign against e-cigarette use among youth
Tue, 08 Aug 2017 16:02:59 +0000
Hot on the heels of its proposal to lower nicotine levels in cigarettes, the U.S. Food and Drug Administration announced plans on Tuesday for an education campaign to discourage use of electronic cigarettes among youth. The plan follows the agency's proposal last month to both lower nicotine in combustible cigarettes and extend by four years the date by which e-cigarette manufacturers will be required to apply for authorization to sell their products. Its new policy “aims to strike a careful balance between the regulation of all tobacco products, and the opportunity to encourage development of innovative tobacco products that may be less dangerous than combustible cigarettes,” FDA Commissioner Scott Gottlieb said in a statement.

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.

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