• Return to Headlines

Watch for Shares of Philip Morris In (PM) to Approach Resistance at $81.13

By James Quinn

Philip Morris In (NYSE:PM) has opened bullishly above the pivot of $79.97 today and has reached the first level of resistance at $80.53. Investors may be interested in a cross of the next upside pivot targets of $81.13 and $82.30.

Philip Morris In (NYSE:PM) has potential upside of 48.0% based on a current price of $80.77 and analysts' consensus price target of $119.53. The stock should find initial resistance at its 200-day moving average (MA) of $88.67 and further resistance at its 50-day MA of $97.46.

In the past 52 weeks, shares of Philip Morris In have traded between a low of $79.40 and a high of $123.55 and are now at $80.77, which is 2% above that low price. 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 recommended that its subscribers protect gains by selling shares of Philip Morris In on April 19th, 2018 by issuing a Downtrend alert when the shares were trading at $88.88. Since that call, shares of Philip Morris In have fallen 10.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts philip morris in

Ticker(s): PM