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Philip Morris Bullish Moving Average Crossover Alert (PM)

By Amy Schwartz

Today, shares of Philip Morris (NYSE:PM) have crossed bullishly above their 10-day moving average of $97.92 on a volume of 843K 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.

Philip Morris share prices have moved between a 52-week high of $102.00 and a 52-week low of $76.54 and are now trading 29% above that low price at $98.49 per share. The 200-day and 50-day moving averages have moved 0.35% higher and 0.64% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Philip Morris. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Philip Morris in search of a potential trend change.

Keywords: moving crosses philip morris

Ticker(s): PM