Altria Group (MO) NewsBite - MO Hits 52-Week High

Posted: Thursday, November 05, 2009 2:14 PM EDT

Altria Group (NYSE: MO) hit a new 52-Week high of $18.73 so far today. Currently the stock is up $0.24 (1.3%) to $18.71 on 8,860,685 shares traded. Today's high is up $4.37 from a 52-Week Low of $14.34. Altria Group stock has been showing support around $18.23 and resistance in the $18.77 range. Technical indicators for the stock are bullish and S&P gives MO a positive 5 STARS (out of 5) strong buy ranking. The stock set a new 52 week high earlier in the day as traders continue to reward the stock for better than expected earnings at the end of October. We will just watch this one for now. There are no hedged trades we like the look of for MO. [ABR-Seven Summits Strategic Investments NewsBite]

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