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1MO trade ideas

Not Much Upside; But still a great buy at these pricesFor the record; I am a shareholder (LONG). I will continue to add at these levels. I dollar cost average to avoid timing the market. For MO, I believe the fundamental turnaround is inevitable with investment in marijuana and vaping and I get paid 6+% to wait to see it. Looking strictly technical analysis we see that the stock is clearly in a down-trend and bounced off of some critical support back in January (42s) and the 200-day MA is acting as resistance at this time. If you're not here to long, then you're entering a risky trade and I would watch for confirmation one way or the other. I I see a long-term upward trend still intact, but this stock doesn't scream buy. I believe we will see sideways action between 44-50 as the next trading range through this year. I see this as having 10-15% downside and not much upside from these levels, although its possible to see a 10-15% swing up to the top of the channel. The risk to the downside, as I see it on the chart, could be in the mid 20-s. If 46 breaks, then we will see 40s. You can see some points of support on longer-term trends. This could see 20s in recession, so keep some dry powder ready to buy when there is blood in the streets. Company makes money, is trading at about 10x Forward Earnings and has several huge growth catalysts in play while paying 6.4% divvy.
NYSE:MO
by IAmSpoli
1
MO at an Inflection PointDisclosure - I am a buyer, and I am holding LONG LONG LONG. I've been accumulating since the low-mid 40s and I just bought another traunch today. 8% Yield is unheard of for this stalwart. People call it a reg flag; that the high yield SCREAMS sell sell sell... Only suckers are selling here; don't be fooled. Buy and hold this for 10 years and you'll find returns you won't get from the S^P500. Vaping, Smoking, Tobacco... Not going away anytime soon. Chart shows we are at YUGE historic support. 40/41 is going to have to hold because if not, its going to 37 then possibly to 32/33. I doubt this falls that low, but if it does, I'll continue to buy the entire way down and collect my yield. People say "What good is 8% yield when your stock drops 30%?" Welll... I'll tell you... because you get to collect 8% on a dividend that has ample cash flow and solid earnings... If it goes down, you still collect a return (having your money work for you), and the market noise can't keep this proven company down forever. Buy and hold, go long, and don't look back. Your portfolio will thank you for having this as one of the foundation pillars.
NYSE:MOLong
by IAmSpoli
2
MOPartial long entries today.. 43.80 range holding, for now, looking to see if we can get a curl up 30c or so before today's close. Watching for that small descending triangle intraday, We'll be looking for support levels below hold next week. Some decent support was broken, but it's been reclaimed in the past with fakeouts, so am not concerned. Looking at a weekly close range to gauge potential fakeout. If a close below 44.24 then lowest close in many years. 2 weeks from ex-div, so expecting a bottom to be hit and then some large buying power and short covering in the coming week-2 weeks. 38+-43(mid) range I fully expect to hold. It's a wide range, but strong. Future announcements concerning the merger or regulatory measures can keep some on edge. Get in before 9/13 for that 84c dividend. 1to1 at these prices puts it higher 50's with PM. Investors hopeful of .78 PM to 1 MO, but details, if any, are far out. Negative JUUL news helping shorters, again, expect Short covering.
NYSE:MO
by CNotes1234