Philip Morris (PM) Offering Possible 21.36% Return Over the Next 14 Calendar Days

Philip Morris's most recent trend suggests a bearish bias. One trading opportunity on Philip Morris is a Bear Call Spread using a strike $75.50 short call and a strike $80.50 long call offers a potential 21.36% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.50 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock rose above the $80.50 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 at 29.62 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

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Philip Morris International Inc. (PMI) to Host Webcast of Presentation at Barclays Global Consumer Staples Conference
Thu, 03 Sep 2020 14:55:00 +0000
Regulatory News: Philip Morris International Inc. (PMI) (NYSE: PM) will host a live video webcast of the company’s remarks and question-and-answer session by Emmanuel Babeau, Chief Financial Officer, at the Barclays Global Consumer Staples Conference at www.pmi.com/2020barclays on Thursday, September 10, 2020, at approximately 2:40 p.m. ET.

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Some Shareholders Feeling Restless Over Philip Morris International Inc.'s (NYSE:PM) P/E Ratio
Wed, 02 Sep 2020 16:21:35 +0000
It's not a stretch to say that Philip Morris International Inc.'s (NYSE:PM) price-to-earnings (or "P/E") ratio of…

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