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Next Support Level for Philip Morris In (PM) is $90.59

By Nick Russo

Philip Morris In (NYSE:PM) has opened bearishly below the pivot of $91.54 today and has reached the first level of support at $91.23. Should the shares continue to fall, the support pivots of $90.59 and $89.64 will be of interest.

Philip Morris In (NYSE:PM) has potential upside of 14.1% based on a current price of $90.94 and analysts' consensus price target of $103.75. Philip Morris In shares have support at the 200-day moving average (MA) of $81.61 and additional support at the 50-day MA of $80.39.

Over the past year, Philip Morris In has traded in a range of $64.67 to $103.55 and is now at $90.94, 41% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

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 26.9%. We continue to monitor PM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts philip morris in

Ticker(s): PM