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 9.65% return on risk over the next 9 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 $0.44 would be kept by the premium seller. The risk of $4.56 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 71.36 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 Highlights
Thu, 10 Apr 2014 21:56:01 GMT
AP – ___ Stocks rise on Wall Street after 3 days of losses Investors' jitters over emerging markets faded Tuesday, and U.S. stocks rose for the first time in four days. Global stock markets stabilized after …
Philip Morris International Inc. to Host Webcast of 2014 First-Quarter Results
Thu, 10 Apr 2014 14:25:00 GMT
Business Wire – Regulatory News:
Philip Morris: Be Cautious And Step Back
Wed, 09 Apr 2014 04:23:35 GMT
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Tue, 08 Apr 2014 09:32:26 GMT
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