MO services smokers who always need another LONG
Updated
MO moves on the 2H like a large caps and seems to have upside in its current trend up.
I am targeting recent pivot highs and an overall trade of 10% . I will look at call options as well.
MO has two minor earnings beats in a row after a miss. Albiet minor fundamental momentum,
I will take it as a sign that MO will do well. Its business model is keeping smokers content
and being competitive with its margins to prevent demand destruction.
I am targeting recent pivot highs and an overall trade of 10% . I will look at call options as well.
MO has two minor earnings beats in a row after a miss. Albiet minor fundamental momentum,
I will take it as a sign that MO will do well. Its business model is keeping smokers content
and being competitive with its margins to prevent demand destruction.
Trade active
Sideways and holding.Trade active
Price hit first target. 25% of the trade closed to secure realized profit.Holding for more.Note
Price hit 2nd target so another 25% of the trade closed.Note
Mo is working on moving to the final target expect another 2-3 sessions.Note
Price above pivot high of late March now approaching the second target. Remaining patient.
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