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Philip Morris In Bullish Moving Average Crossover Alert (PM)

By David Diaz

Philip Morris In (NYSE:PM) shares have crossed bullishly above their 10-day moving average of $81.43 on a volume of 999K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Philip Morris In has traded in a range of $79.71 to $123.55 and is now at $82.29, 3% above that low. The 200-day and 50-day moving averages have moved 0.30% higher and 0.56% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Philip Morris In on April 19th, 2018 by issuing a Downtrend alert when the shares were trading at $88.88. Since that call, shares of Philip Morris In have fallen 9.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses philip morris in

Ticker(s): PM