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Chart of the Day: Altria (MO)

Posted, by Smart Trader on August 3rd, 2012

Altria has been a strong performer this year up 22% over the S&P 10%.  It continues to be a strong buy on most analyst and investors radars.  The stock has formed 2 bases in the last 6 months and each has resulted in a $5 move.

Well its coming out of a base again and it is in a prime positon to be a short squeeze candidate.  The short interest ratio is at 6.6 the highest it has been in 2 years.  If the stock continues on the same path its been on its could pop as shorts start to cover.

Authored by, Smart Trader
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