C = Catalyst for a Stock’s Movement
Altria is involved in the manufacture and sale of cigarettes, smokeless products, and wine worldwide. During good times and bad, consumers seem to enjoy their products–so much so that the company continues to see increased profits year after year. The products it markets and sells are a staple in the lives of a large portion of the population.
T = Technicals on the Stock Chart are Strong
Altria’s long term price chart sees it trading near all-time highs. In fact, it just hit these new levels last year but has recently pulled back a few dollars. It has been seeing a beautiful pattern of higher highs and higher lows since its pullback in 2008. The stock may need a little more time to rebuild but look for the stock to continue higher once it has caught its breath.