Well it appears that MO missed analysts estimate and reported a 56% drop in revenue on low cigarette volume and a debt repayment.
The Pivot levels:
Daily: Bullish
R3 = 37.42
R2 = 36.22
R1 = 35.72
PIVOT = 35.02
S1 = 34.52
S2 = 33.82
S3 = 32.62
Weekly: Bearish
R2 = 38.61
R1 = 36.91
PIVOT = 35.62
S1 = 33.92
S2 = 32.63
Monthly: Bearish to neutral
R2 = 40.03
R1 =37.62
PIVOT =36.18
S1 = 33.57
S2 = 31.93
With a Friday closing price of 35.22, the 200 day EMA at 35.39, the Daily Pivot at 35.02, and Daily R1 at 35.72 Monday should be a telling day as to how MO is going to recover or not from this News and subsequent sell off. No doubt there are several setups for trading MO regardless of your investing or trading time frame.
R1 =37.62
PIVOT =36.18
S1 = 33.57
S2 = 31.93
With a Friday closing price of 35.22, the 200 day EMA at 35.39, the Daily Pivot at 35.02, and Daily R1 at 35.72 Monday should be a telling day as to how MO is going to recover or not from this News and subsequent sell off. No doubt there are several setups for trading MO regardless of your investing or trading time frame.
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