Altria Group (MO) NewsBite - MO Covered In Lee Allen Report Today

Thursday, November 13, 2008 2:57 PM EDT

Altria Group (MO) was covered in a Lee Allen Report today and the stock is now at $16.05, down $0.53 (-3.20%) on volume of 14,744,845 shares traded. To see the report, and read Lee's thoughts on your taxes, go to http://www.iotogo.com/la111308 . Over the last 52 weeks the stock has ranged from a low of $16.26 to a high of $79.59. Altria Group stock has been showing support around $16.06 and resistance in the $17.46 range. Technical indicators for the stock are bullish and S&P gives MO a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on MO the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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