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Philip Morris In Crosses Below its 10-day MA (PM)

By Nick Russo

Today, shares of Philip Morris In (NYSE:PM) have fallen below their 10-day MA of $85.09 on a volume of 277K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Philip Morris In share prices have moved between a 52-week high of $92.74 and a 52-week low of $69.27 and are now trading 21% above that low price at $84.03 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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: moving crosses philip morris in

Ticker(s): PM