Philip Morris Upward Momentum Looks to Continue (PM)
SmarTrend identified an Uptrend for Philip Morris (NYSE: PM) on February 12, 2010 at $49.06. In approximately 1 month, Philip Morris has returned 7.1% as of today's recent price of $52.55.
Philip Morris is currently above its 50-day moving average of $48.89 and above its 200-day moving average of $47.62. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Philip Morris shares.
Write to Chip Brian at cbrian@tradethetrend.com
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