Altria Group, Inc., through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen and Skoal, Red Seal and Husky, and Marlboro Snus brand names. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle, Columbia Crest, and 14 Hands names; and imports and markets Antinori, Torres, and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States. In addition, it provides finance leasing services primarily in aircraft, railcar, electric power, real estate, and manufacturing industries. The company sells its tobacco products primarily to wholesalers, including distributors; large retail organizations, such as chain stores; and the armed services. Altria Group, Inc. was founded in 1919 and is headquartered in Richmond, Virginia.
Didn't look at this stock much lately, I am surprised to see it doing so well too when other staples stocks are out of favor One good thing about this company is that they get most of their revenue in the US so they don't have to worry about the currency headwind like other staples companies do
Posting a 5-minute chart for later play-by-play review. Undoubtedly on the bar that set the low, peak panic set in with the fearful selling to the wolves. Then on the following bar demand appeared. The question now is, are the wolves selling in this trading range what they bought during the panic. If so, then when they are done it will retest the lows. That may be a good buy. Or are they buying more in here? In this time frame, with the supply in the background, demand will need to prove itself with a Sign of Strength. As for the downside, weakness has already proved itself so price can just drift lower.
