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Philip Morris In (PM) Approaches New Downside Target of $83.37

By Nick Russo

Shares of Philip Morris In (NYSE:PM) have bearishly opened below the pivot of $84.23 today and have reached the first support level of $83.88. Investors may be interested in a cross of the next downside pivot targets of $83.37 and $82.50.

Philip Morris In share prices have moved between a 52-week high of $119.43 and the current low of $0.00 and are currently at $0.00 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.4%.

Philip Morris In (NYSE:PM) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $103.75. The stock should find initial resistance at its 50-day moving average (MA) of $81.95 and further resistance at its 200-day MA of $95.24.

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: pivot alerts philip morris in

Ticker(s): PM