CFD Trading –Sell Phillip Morris Intl Inc. (PM.NYS) @ $98.80. Stop @ $101.80 and Target @ $92.10.

Phillip Morris International Inc. Stock Code PM.NYS


Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish with both its lines below the zero line. We think price is likely to move lower to the previous price support at $92.80 in the next 2-3 weeks.


$98.80                Sell

$92.10                Price Target

$101.80              Risk Management Stop

3 weeks              Trade Duration

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