Technical Analysis of Financial Markets

Wednesday, March 26, 2008

Altria Group Inc. (MO)

Founded in 1919, based in New York; Altria primarily enages in the manufacture and distribution of cigarettes and tobacco worldwide. During the 5 months ending 2008, stock price rallied 25% where price action is currently consolidating into a downtrend. An entrance into a short position with a stop on breakout of the RSI downtrend may serve as a low-risk trade. Tobacco producer Philip Morris is being spun off by Altria and is joining the S&P 100 index.

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