Philip Morris Crosses Below its 10-day MA (PM)
Philip Morris (NYSE:PM) crossed under its 10-day moving average of $100.66 on a volume of 851K shares. Swing traders may find an opportunity 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 $99.14, 30% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.
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