Philip Morris (PM) Offering Possible 34.77% Return Over the Next 16 Calendar Days

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Philip Morris’s most recent trend suggests a bullish bias. One trading opportunity on Philip Morris is a Bull Put Spread using a strike $101.00 short put and a strike $96.00 long put offers a potential 34.77% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $101.00 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $96.00 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 36.43 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Philip Morris

Philip Morris Stock Is Generating Improved Relative Strength
Mon, 27 Sep 2021 21:32:00 +0000
A Relative Strength Rating upgrade for Philip Morris International shows improving technical performance. Will it continue?

This Day In Market History: Philip Morris Acquires General Foods
Mon, 27 Sep 2021 15:13:42 +0000
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened: On this day in 1985, Philip Morris announced a $5.75-billion buyout of General Foods. What Else Was Going On In The World: In 1985, the popular comic strip “Calvin and Hobbes” debuted. Route 66 was officially removed from the U.S. Highway System. The year-end fed funds interest rate was 10.75%. General Foods Acquisition: Philip Morris announced a buyout of General Foods at a price o

PMI Calls for Science-Based Discourse on Smoke-Free Alternatives
Mon, 27 Sep 2021 08:03:00 +0000
LAUSANNE, Switzerland, September 27, 2021–New international survey reveals misinformation is leading to confusion about smoke-free products

Here’s My Top Value Stock to Buy Right Now
Thu, 23 Sep 2021 12:39:27 +0000
Philip Morris International’s stock offers a compelling combination of value and growth prospects.

Science, Innovation, and Inclusion Are Vital in Addressing the World’s Most Pressing Issues, Says PMI CEO in Speech at Concordia Summit
Tue, 21 Sep 2021 20:24:00 +0000
LAUSANNE, Switzerland, September 21, 2021–Science, Innovation, and Inclusion Are Vital in Addressing the World’s Most Pressing Issues, Says PMI CEO in Speech at Concordia Summit

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