MO services smokers who always need another LONG

Zaktualizowano
MO moves on the 2H like a large caps and seems to have upside in its current trend up.

I am targeting recent pivot highs and an overall trade of 10% . I will look at call options as well.

MO has two minor earnings beats in a row after a miss. Albiet minor fundamental momentum,

I will take it as a sign that MO will do well. Its business model is keeping smokers content

and being competitive with its margins to prevent demand destruction.
Zlecenie aktywne
Sideways and holding.
Zlecenie aktywne
Price hit first target. 25% of the trade closed to secure realized profit.Holding for more.
Uwaga
Price hit 2nd target so another 25% of the trade closed.
Uwaga
Mo is working on moving to the final target expect another 2-3 sessions.
Uwaga
Price above pivot high of late March now approaching the second target. Remaining patient.
MOphillipmorrispivottradingSupply and Demandtobaccostocks

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