Philip Morris International Inc. Stock Code PM.NYS
Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Price also created an Ichimoku V-shaped breakout with a price target at $104.81.The conversion and base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both its lines above the zero line. Both of MACD’s lines are moving higher, hinting at a bullish price trend. We think price is likely to move higher to the Ichimoku V-shaped price projection target at $104.81 in the next 2-3 weeks.
$103.80 Price Target
$91.20 Risk Management Stop
3 weeks Trade Duration