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Look for Shares of Philip Morris In to Potentially Pullback after Yesterday's 1.23% Rise

By Shiri Gupta

Philip Morris In (NYSE:PM) traded in a range yesterday that spanned from a low of $89.45 to a high of $90.89. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $90.27 on volume of 3.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Philip Morris In on January 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.53. Since that recommendation, shares of Philip Morris In have risen 25.5%. We continue to monitor PM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Philip Morris In share prices have moved between a 52-week high of $108.57 and a 52-week low of $64.67 and are now trading 41% above that low price at $90.89 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 2.3%.

Keywords: rebounders philip morris in

Ticker(s): PM