Altria Group (MO) All-Time High A Fade?
Technically, yesterday's close left a fairly suspicious bearish looking candle at an all time high and today's candle so far looks no better. Additionally note how far from the 50 and 200 day moving averages the stock has moved. i am not one for holding many bucket 2 positions into earnings and I don't plan on doing so here either.
What I wrote in today's Morning line-up and we discussed in the chat-room was more along the lines of a quick bucket 2 short ahead of the earnings and being back out flat before the numbers. Yes, exact levels were discussed.
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