Philip Morris's most recent trend suggests a bullish bias. One trading opportunity on Philip Morris is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 13.9% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $77.50 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 44.39 level which suggests that the stock is neither overbought nor oversold at this time.
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
Business events scheduled for Thursday
Wed, 13 Aug 2014 17:43:44 GMT
How Will Philip Morris (PM) Stock React To Possible Lawsuit In U.K. Over Cigarette Packaging?
Tue, 12 Aug 2014 13:33:00 GMT
Philip Morris prepared to sue UK over plain cigarette packaging
Tue, 12 Aug 2014 12:12:04 GMT
Philip Morris prepared to sue UK over plain cigarette packaging
Tue, 12 Aug 2014 12:08:40 GMT
Reuters – UK Focus – Philip Morris International , the world's largest tobacco company, is prepared to sue the British government should it implement a law requiring plain packaging of cigarettes, a document seen by Reuters …
Philip Morris prepared to sue UK over plain cigarette packaging
Tue, 12 Aug 2014 12:08:40 GMT
Reuters – Philip Morris International , the world's largest tobacco company, is prepared to sue the British government should it implement a law requiring plain packaging of cigarettes, a document seen by Reuters on Tuesday showed. The UK government has conducted a consultation with its Department of Health on potential legislation which would force cigarette makers to sell their products in plain packages with graphic health warnings and no branding. The maker of Marlboro cigarettes “is prepared to protect its rights in the courts and to seek fair compensation for the value of its property,” the company has told the UK government in response to its consultation. The UK government said in April it wanted to implement plain packaging after a review found it could reduce the incidence of children taking up smoking.
Related Posts
Also on Market Tamer…
Follow Us on Facebook