Phillip Morris and Altria Ready for Some action?
https://www.tradingview.com/x/eYJ7R5sX/https://www.tradingview.com/xhttps://www.tradingview.com/x/ClC8b3ib//BeHuSv7x/
The tobacco group has gotten nailed the last 12 plus months and has seen a test of major support lines and zones. Huge inventories are flipping at these areas as expected. Both sporting 4.25% plus dividend yields and slowly positioning themselves into the Marijuana business. Liking the risk vs reward with tight stops at the lows. MM works slow here and might be waiting, but the companies continue to raise prices on tobacco products and investing in the future.
The tobacco group has gotten nailed the last 12 plus months and has seen a test of major support lines and zones. Huge inventories are flipping at these areas as expected. Both sporting 4.25% plus dividend yields and slowly positioning themselves into the Marijuana business. Liking the risk vs reward with tight stops at the lows. MM works slow here and might be waiting, but the companies continue to raise prices on tobacco products and investing in the future.
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