MO is overbought and is on a downtrend, You can capture at least 6% downside on this trade in the short term. Please find the attached chart. The two supports shown in the charts are at $50 and $49. The trend is down and it even gapped down on Friday.
Open: 53.33
Target Price: 50.0 or below
Potential Profit: 3.33 (Approximately 6%)
Stop Loss: 54.80
Open: 53.33
Target Price: 50.0 or below
Potential Profit: 3.33 (Approximately 6%)
Stop Loss: 54.80