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).
More on this topic
(What's this?)
Hold Altria (MO) for Solid Dividend Payouts
(Contrarian Profits, 10/6/08)
Valuation: Altria Group Inc. (MO)
(ModernGraham.com, 10/26/07)
Merry Chrsitmas Altria Shareholders
(Todd Sullivan's - ValuePlays, 12/3/07)
;
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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.
[Reply]