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

By Shiri Gupta

Today, shares of Philip Morris In (NYSE:PM) have advanced above their 10-day MA of $81.50 on a volume of 119K 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 27% above that low price at $81.90 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Philip Morris In and will alert subscribers who have PM in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses philip morris in

Ticker(s): PM