Tag: Philip Morris Intl Inc

Phillip Morris International Inc. Stock Code PM.NYS

Outlook

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.

Strategy                  

$98.80                Sell

$92.10                Price Target

$101.80              Risk Management Stop

3 weeks              Trade Duration

Philip Morris International Inc. Stock Code PM.NYS

Outlook

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.

Strategy                  

$95.00                Buy

$103.80              Price Target

$91.20                Risk Management Stop

3 weeks              Trade Duration