Altira Group Inc. (MO) is set to report fourth-quarter earnings on Thursday. Regardless of the numbers investors and analysts are looking for, the charts and indicators of this cigarette manufacturer are bullish.
Let's take a look.
In the daily bar chart of MO, below, we can see that the shares have traded sideways for the past year. Prices have largely stayed between $36 on the downside and around $44 on the upside. The shares are currently above the rising 50-day moving average line and above the bullish 200-day moving average line.
The trading volume has been improving since late October and the On-Balance-Volume (OBV) line shows a rise from late October and is not all that far from making a new high. The Moving Average Convergence Divergence (MACD) oscillator is hugging the zero line.