Altria Group (MO) bullish scenario:The technical figure Triangle can be found in the daily chart in the US company Altria Group, Inc. (MO). Altria Group, Inc. (previously known as Philip Morris Companies, Inc.) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes and related products. Altria is the parent company of Philip Morris USA, John Middleton, Inc., U.S. Smokeless Tobacco Company, Inc., and Philip Morris Capital Corporation. Altria also maintains large minority stakes in Belgium-based brewer AB InBev, the Canadian cannabis company Cronos Group, and the e-cigarette maker Juul. The Triangle broke through the resistance line on 15/04/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 15 days towards 46.65 USD. According to experts, your stop-loss order should be placed at 44.49 USD if you decide to enter this position.
Altria will be looking to display strength as it nears its next earnings release, which is expected to be April 27, 2023. In that report, analysts expect Altria to post earnings of $1.19 per share. This would mark year-over-year growth of 6.25%. Our most recent consensus estimate is calling for quarterly revenue of $4.98 billion, up 3.29% from the year-ago period.
Investors should also note Altria's current valuation metrics, including its Forward P/E ratio of 8.87. This valuation marks a premium compared to its industry's average Forward P/E of 8.72
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Ecigarettes
TAAT : Trading IPOsTAAT IPOed on the Canadian Stock exchange on the 24th of June this year. It had returned 39% over the past 3 months over some optimism on its E-cigarettes business. Vanguard Subscribers were asking how to trade this particular stock.
Multiple Time Frame Analysis show an UPTREND in all timeframes from the 4hr to the Monthly
Price trades above the Supertrend line on all time frames : UPTREND
Price is UPTREND above the Ichimoku Cloud SSSA/B lines
Technique : Aggressives buy when price retreats and bounces as close to the Supertrend line as possible and place stop loss on the SSSA line . Once price clears the Supertrend line comfortably, raise your stop loss to the Supertrend line.
Conservatives buy when price breaks through SSSB line and re-emerges from below to above the SSSA line. Buy on the first candlestick close ABOVE the SSSA line.
Target Price/EXIT : Sell only when your stop loss is hit = Supertrend is violated. If your initial trade had been successful, a raise of your stop loss from the SSSA line to your Supertrend Line would have given you a risk free trade covering your commission and cost of your trade.