Wednesday, October 6, 2010

MO Watch

Altria Group Inc. (MO) broke above its recent trading range to a new all-time high, meeting my requirements for entry. The move was accompanies by bull phase on the parabolic sar.

MO $24.45

In an analysis posted on Tuesday, I wrote, "The most cautious [trader] will want to see a breakout of the all-time high of $24.49 before entry." That requirement was met today, with a high of $24.53.

MO is at an entry point for my account.

By setting a new high, MO becomes that most desirable of market beasts: An uptrending stock with only blue sky overheade. There is no upside price resistance.

Earnings will be released on Oct. 20 before the open.

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.


  • pps - Person's Proprietary Signal.
  • psar - Parabolic Stop and Reverse
  • ma20 - 20-day moving average
  • ma200 - 200-day moving average
  • macd - Moving Average Convergence-Divergence
  • sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

  • trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways.
  • sto: green for bull, red for bear.
  • sto zone: green for overbought (80+), red for oversold (20-), yellow for neutral zone
  • psar, pps, macd: green for bull mode, red for bear.
  • macd trend: green for rising, yellow for sideways, red for falling.
  • neutral.
  • ma20, ma200: green for above the average by more than 1%, red for below the average by more than 1%, yellow for within 1% either side of the average.

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