$MO Heavy Selling Today - Additional 15% Downside Expected
MO - Heavy selling today in Altria Group Inc, along with 9M in December Puts being purchased at $60 & $55 strikes. It appears the strong resistance at $61 is holding and stock is headed for further declines (lower low) into next ER in late October. Medium term price target - $50 by late October
Note: Informational analysis, not investment advice.
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