Mo Dollars - MO
By TheWild1 at 4 December, 2007, 8:19 am, Categories : Stock Recommendations
Right now I am riding the nice gain that Altria (MO) is experiencing. I entered the stock about a week ago at $71.50. Just recently the price target was moved up to $85. A quick glimpse of the chart can see where we are at. After looking at a 6 month time-frame, MO has just broken through an old resistance (creating a new support). Don’t be surprised if the new support is tested in the coming days.

This type of stock usually doesn’t fluctuate all that much, but I would keep a close eye on it with the recent unusual price movement.
It also looks like Activision has something good going on today (Sticking with the Pattern).
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Nice trade. Do you have a target?
[Reply]
good question. I forgot to address that. the actual price target I had when i entered the stock a week or 2 ago was around $80; however I was not expecting to get to where the stock is right now so quickly. my initial purpose for this trade was just a safe haven during a volatile time, but I ended up making more money faster then I thought I would.
as of right now I am hesitant to pull out of the stock since I feel the new support might be tested, but most likely once the stock hits 80, i am out of there.
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