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 16.82% return on risk over the next 26 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 $0.72 would be kept by the premium seller. The risk of $4.28 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 76.09 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
A North Carolina cigarette plant gets a new life
Mon, 27 Oct 2014 22:00:28 GMT
PHILIPPINES PRESS-Philip Morris' Philippine venture to stop exports to 2 countries – Standard Today
Mon, 27 Oct 2014 00:42:53 GMT
Camel maker Reynolds halts workplace smoking
Wed, 22 Oct 2014 23:58:46 GMT
Lorillard CEO to get $44M after Reynolds merger
Mon, 20 Oct 2014 18:47:13 GMT
Lorillard CEO to get $44M after Reynolds merger
Mon, 20 Oct 2014 18:47:13 GMT
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