On Friday, Altria Group received a positive adjustment to its Relative Strength (RS) Rating, from 79 to 82.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
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While Altria Group is not near an ideal entry right now, see if it goes on to form and break out from a proper chart pattern.
Altria Group saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 8%. Revenue rose from -5% to 0%. Look for the next report on or around Jan. 30.
The company earns the No. 6 rank among its peers in the Tobacco industry group. Turning Point Brands, Universal Corp and British Amer Tobacco ADR are among the top 5 highly rated stocks within the group.
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