Long Position on MO @ $64.10 on 9/13/2016 (Fundamentals)

Altria Group, Inc. (MO) manufactures and sells cigarettes, smokeless products, and wine in the United States.

It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen and Skoal, Red Seal and Husky, and Marlboro Snus brand names.

The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle, Columbia Crest, and 14 Hands names; and imports and markets Antinori, Torres, and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States.

In addition, it provides finance leasing services primarily in aircraft, railcar, electric power, real estate, and manufacturing industries.

The company sells its tobacco products primarily to wholesalers, including distributors; large retail organizations, such as chain stores; and the armed services.

Shares are heading higher in an upward trading channel (shown in blue.) The formation is supported by the stock's 200-day moving average (shown in green). The company pays $2.44 in dividend or 3.84%. This stock should be a good place to invest in due to high volatility in the market.

52-Weeks Trading Range: $52.27 - $70.15

Entry Point: $64.10

Stop Loss: $60.65

Target Price: $70.50

Updates

10/21/2016 10:31:14 AM

MO closed at $64.30.

Position closed on 10/21/2016 at price of $64.30 with a 0.31% gain in 38 days.

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