Several big tobacco firms look to be setting up as shorts here. MO, on the first daily chart, looks close to breaking a mini-bear flag to test some of its longer-term moving averages.
On a longer-term timeframe, PM is working through what could easily be a head and shoulders top after a steep multi-year uptrend. A close under $82 likely confirms the pattern.
Note that this is all happening while e-cig company VPCO, a penny stock, is surging on heavy volume.
I will try to update this idea later today or on my video market recap after the bell.
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