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After Yesterday's Rally of 1.51% Shares Could Potentially Pullback

By Amy Schwartz

Philip Morris In (NYSE:PM) traded in a range yesterday that spanned from a low of $118.00 to a high of $119.32. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $118.59 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Philip Morris In have traded between a low of $86.78 and a high of $123.55 and are now at $119.07, which is 37% above that low price. Over the past week, 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 In and will alert subscribers who have PM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders philip morris in

Ticker(s): PM