Altria (MO) Offering Possible 5.04% Return Over the Next 9 Calendar Days

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Altria’s most recent trend suggests a bearish bias. One trading opportunity on Altria is a Bear Call Spread using a strike $66.50 short call and a strike $71.50 long call offers a potential 5.04% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $66.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $71.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Altria is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Altria is bearish.

The RSI indicator is at 24.55 level which suggests that the stock is neither overbought nor oversold at this time.

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