Mo Dollars – MO

December 4th, 2007 | Filed under: 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.

MO 120207

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).