Today Altria was down 4.40% in the face of a market that believes the zero interest rate policy of the Federal Reserve Bank isn't a sign that things might be worse than we think. I have managed to get the Dow Theory numbers for Altria's downside risk.
According to Dow's theory, Altria (MO), on an adjusted basis, is expected to fall to the following three levels:
- $11.15
- $8.09
- $5.00
There are those who consider Altria a shadow of its former self due to the spin-offs and the increasingly hostile regulatory environment. At the same time, the regulators will not ban smoking for some reason. Another reason to be cautious of this company is the fact the James Cramer, of CNBC ignobility, has been caught recommending this same company, a real drag on the stock price if you asked me. Watch these prices and do your research. Touc.
No comments:
Post a Comment