One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Altria Group (MO) stock just hit that mark, with a jump from 80 to 83 Friday.
↑ XThis proprietary rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.
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Altria Group stock is still inside a buying range after climbing above a 54.95 entry in a cup without handle. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
The tobacco company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 8%. Revenue rose from -5% to 0%.
Altria Group stock earns the No. 4 rank among its peers in the Tobacco industry group. Turning Point Brands (TPB) is the top-ranked stock within the group.
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