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Bearish Moving Average Cross by Philip Morris In (PM)

By David Diaz

Philip Morris In (NYSE:PM) crossed under its 10-day moving average of $85.74 on a volume of 489K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Philip Morris In has traded in a range of $64.67 to $103.55 and is now at $85.38, 32% above that low. The 200-day and 50-day moving averages have moved 0.10% higher and 0.69% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Philip Morris In and will alert subscribers who have PM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses philip morris in

Ticker(s): PM