Philip Morris’s most recent trend suggests a bearish bias. One trading opportunity on Philip Morris is a Bear Call Spread using a strike $78.00 short call and a strike $83.00 long call offers a potential 12.11% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $78.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock rose above the $83.00 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 25.94 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
Philip Morris International Holds ‘Open Mic’ at 2019 Cannes Lions Festival
Mon, 17 Jun 2019 07:00:00 +0000
Philip Morris International (PMI) (PM) announced today its return to the Cannes Lions International Festival of Creativity to engage with those who are actively creating and shaping meaningful change in the world. Working from its central theme of “Open Mic,” PMI will foster conversations around unexpected and provocative ideas, concepts and views with some of today’s boldest thinkers at the gathering known for bringing together the world’s most creative people to discuss new ideas, pioneering research and emerging technologies that help make and shape popular culture. “For PMI, attending Cannes is a surprising juxtaposition of what people may expect of us.
See what the IHS Markit Score report has to say about Philip Morris International Inc.
Sat, 15 Jun 2019 12:00:30 +0000
Philip Morris International Inc NYSE:PMView full report here! Summary * Perception of the company’s creditworthiness is neutral * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PM. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold PM had net inflows of $8.29 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. PM credit default swap spreads are near their highest levels of the last 3 years, which indicates the market’s more negative perception of the company’s credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Consumer Staples ETFs Red Hot: Will the Rally Last?
Thu, 13 Jun 2019 17:00:05 +0000
Consumer staples ETFs are at a 52-week high due to its safe-haven appeal and low interest rates prevailing in the market.
Altria Stock Can Rise With the Company’s ‘Tremendous Pricing Power’
Thu, 13 Jun 2019 14:55:00 +0000
An unexpected price increase for nearly all of the tobacco maker’s brands, emphasizes Altria’s pricing power and will be followed by the rest of the industry, Wells Fargo says.
FDA proposes shorter deadline for e-cigarette applications
Thu, 13 Jun 2019 13:40:52 +0000
The U.S. Food and Drug Administration said it can advance the date for the submission of e-cigarette applications, responding to a ruling that the agency had exceeded its authority by allowing e-cigarettes to remain on the market until 2022 before companies applied for regulatory approval. The FDA in a court filing on Wednesday proposed adoption of a timeline of not less than 10 months to submit the applications after a final ruling, if the court decides not to remand the case back to the agency for further action. “Should the Court order premarket applications to be submitted by a date certain, it should set that deadline no sooner than 10 months from the date of its decision, along with a one-year period for FDA review,” FDA said in the court filing.
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