Altria Group Enters Oversold Territory with RSI Reading of 27.9

Altria Group Inc (MO) shares have entered oversold territory with an RSI reading of 27.9, indicating that the recent heavy selling may be exhausting itself. The stock's low point in its 52-week range is $50.08, with a last trade of $55.03. A bullish investor could consider this as a sign to look for entry point opportunities on the buy side.