Bullish Moving Average Cross by Philip Morris (PM)
Philip Morris (NYSE:PM) crossed over its 10-day moving average of $95.93 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Philip Morris have traded between a low of $76.54 and a high of $104.20 and are now at $96.58, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 0.56% higher over the past week, respectively.
SmarTrend is tracking the current trend status for Philip Morris and will alert subscribers who have PM in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses philip morris