Altria Group, Inc. stock trades under the ticker MO & has shown recent bullishness that traders & investors should take a closer look into.
MO stock closed at $47.54/share on 2/1/2023.
Altria Group, Inc. MO Stock’s Technical Performance Broken Down
MO Stock Price: $47.54
10 Day Moving Average: $44.95
50 Day Moving Average: $45.36
200 Day Moving Average: $44.80
RSI: 67.38
MACD: -0.006
Yesterday, MO stock completed a bullish MACD crossover, gapping up 5.55%.
Recent trading volumes have been about average compared to the year prior & heir RSI is approaching overbought territory, and it’s best to see if they fill yesterday’s gap in the coming days.
MO stock has support at the $47.34 & $46.94/share price levels, as they try to break out above the $47.57 & $48.21 resistance levels.
Altria Group, Inc. MO Stock As A Long-Term Investment
Long-term oriented investors will like MO stock’s 17.18 P/E (ttm).
They recently reported -2.2% Quarterly Revenue Growth Y-o-Y.
Their balance sheet will require a more thorough review, with $2.48B of Total Cash (mrq) & $26.29B of Total Debt (mrq).
MO stock offers an 8.08% dividend, which may not be sustainable in the long-run, as their payout ratio is over 100%.
59% of MO stock’s outstanding share float is owned by institutional investors.
Altria Group, Inc. MO Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from MO stock price’s movements, while hedging against market volatility.
I am looking at the contracts with the 3/17 expiration date.
The $47.50, $42.50 & $45 call options are all in-the-money, with the former having more open interest than the latter strikes.
The $42.50, $45 & $47.50 puts are also all in-the-money, listed from highest to lowest levels of open interest.
Tying It All Together
MO stock has many interesting characteristics that traders & investors will find appealing.
Long-term investors seeking dividends may find them appealing, however they should be mindful that their yield could be cut & should be aware of their other fundamentals.
Traders will like their recent technical performance, as well as how liquid their options are.
Overall, it is worth taking a closer look into MO stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF MO STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***