Philip Morris (PM) Offering Possible 22.25% Return Over the Next 17 Calendar Days

Philip Morris's most recent trend suggests a bullish bias. One trading opportunity on Philip Morris is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 22.25% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock dropped below the $80.00 long put 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 up which suggests that the medium-term momentum for Philip Morris is bullish.

The RSI indicator is at 69.94 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

How to Invest in Tobacco Stocks
Sun, 28 Jul 2019 16:16:00 +0000
There are several ways you can take advantage of investment opportunities in a tobacco industry that's currently in transition.

UPDATE 1-WHO says e-cigarettes, "smoke-free" products do not help reduce cancer
Fri, 26 Jul 2019 19:25:10 +0000
Electronic cigarettes and heated tobacco products are not helping fight cancer, the World Health Organization (WHO) said on Friday, urging smokers and governments not to trust claims from cigarette firms about their latest products. The seventh “WHO report on the global tobacco epidemic” said blocking the industry's interference was critical to cutting the harm from tobacco use. “The tobacco industry has a long history of systemic, aggressive, sustained and well-resourced opposition to tobacco control measures,” the report said.

Philip Morris International Gets a Big Boost From IQOS in Q2
Thu, 25 Jul 2019 22:09:00 +0000
The heated tobacco device grows in importance for the global giant.

Philip Morris launches first Africa store to spark alternative cigarettes demand
Thu, 25 Jul 2019 21:38:58 +0000

What to Expect from Altria Earnings as MO Stock Continues to Struggle
Thu, 25 Jul 2019 17:27:05 +0000
Altria Group (MO) stock is up just 1.5% so far in 2019 to lag behind the tobacco market's nearly 16% climb. Let's see if we should expect this underperformance to continue following the release of Altria's earnings report before the market opens on Tuesday, July 30, or might MO shares get a boost.

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