Philip Morris's most recent trend suggests a bullish bias. One trading opportunity on Philip Morris is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 18.2% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $82.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Philip Morris is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Philip Morris is bullish.
The RSI indicator is at 52.61 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Philip Morris
Marlboro maker Altria 3Q profit more than doubles
Thu, 24 Oct 2013 11:52:56 GMT
Marlboro maker Altria 3Q profit more than doubles
Thu, 24 Oct 2013 11:52:56 GMT
AP – Altria's third-quarter profit more than doubled as the Marlboro maker paid out less in legal settlements and freed itself from charges related to paying off debt early last year. The owner of the nation's …
Zacks Industry Outlook Highlights: PepsiCo, General Mills and Philip Morris International
Wed, 23 Oct 2013 11:13:21 GMT
Zacks – Zacks Industry Outlook Highlights: PepsiCo, General Mills and Philip Morris International
Cigarette Volume Down, but Philip Morris Is Still Smokin'
Wed, 23 Oct 2013 11:02:08 GMT
Motley Fool – The U.S. and other developed nations may be smoking less, but market share and developing-nation smoking habits will keep the company printing cash for years.
Flavors lure 42% of young smokers
Wed, 23 Oct 2013 02:57:09 GMT
USA TODAY – Study finds 42% of youth smokers use cigarettes or look-alike cigars that are flavored. .
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