Philip Morris Bearish Moving Average Crossover Alert (PM)
Today, shares of Philip Morris (NYSE:PM) have fallen below their 10-day MA of $96.15 on a volume of 437K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Philip Morris has traded in a range of $76.54 to $104.20 and is now at $96.00, 25% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.
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