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Philip Morris In Crosses Above its 10-day MA (PM)

By David Diaz

Today, shares of Philip Morris In (NYSE:PM) have crossed bullishly above their 10-day moving average of $81.37 on a volume of 2.6 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Philip Morris In share prices have moved between a 52-week high of $92.74 and a 52-week low of $64.67 and are now trading 34% above that low price at $86.97 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

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

Keywords: moving crosses philip morris in

Ticker(s): PM