Philip Morris's most recent trend suggests a bearish bias. One trading opportunity on Philip Morris is a Bear Call Spread using a strike $112.00 short call and a strike $117.00 long call offers a potential 20.19% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $112.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock rose above the $117.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Philip Morris is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Philip Morris is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Philip Morris
Investors should get hooked on tobacco stocks’ earnings growth and pricing power, Morgan Stanley writes
Mon, 02 Oct 2017 21:06:16 +0000
Tobacco stocks have amassed a mixed record thus far in 2017, and the Food and Drug Administration’s July announcement that it would lower the nicotine levels in cigarettes to nonaddictive levels was seen …
Does Philip Morris International Really Want a Smoke-Free World?
Sat, 30 Sep 2017 14:32:00 +0000
The tobacco giant detailed its latest plans to make a fundamental shift to its business.
Philip Morris International Makes $1 Billion Investment in Smoking Alternatives
Fri, 29 Sep 2017 11:17:00 +0000
The tobacco giant wants people to quit smoking and start vaping.
Philip Morris International Calls for Proposals in Second Funding Round of PMI IMPACT, a Global Initiative to Fight Illegal Trade and Related Crimes
Fri, 29 Sep 2017 10:18:00 +0000
Philip Morris International Inc. is calling for funding proposals under PMI IMPACT, its USD 100 million global initiative to support third party projects dedicated to fighting illegal trade.
[$$] Philip Morris Reorganizes as It Shifts Focus to ‘Smoke-Free’ Products
Fri, 29 Sep 2017 04:08:00 +0000
Philip Morris International is reorganizing its geographic regions and executive ranks—including naming a new chief financial officer—in efforts to propel the company’s shift away from cigarettes.
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