Philip Morris (PM) Offering Possible 31.58% Return Over the Next 23 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 $90.50 short put and a strike $85.50 long put offers a potential 31.58% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.50 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $85.50 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 75.42 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 says Canadian unit RBH granted creditor protection
Sat, 23 Mar 2019 02:52:00 +0000
The company said it would deconsolidate RBH from its financial statements, and it cut its full-year 2019 diluted earnings per share forecast to at least $4.90 at prevailing exchange rates, from at least $5.28 in the forecast it made on March 4, shortly after the ruling in Quebec.

Philip Morris International Inc.’s Canadian Subsidiary, Rothmans, Benson & Hedges Inc., Granted CCAA Protection; Represents Opportunity to Resolve All Outstanding Canadian Tobacco Litigation
Sat, 23 Mar 2019 00:00:00 +0000
Today, Philip Morris International Inc. (PMI) was informed by its Canadian subsidiary, Rothmans, Benson & Hedges Inc. (RBH) that RBH had obtained an initial order from the Ontario Superior Court of Justice granting it protection under the Companies’ Creditors Arrangement Act (CCAA). RBH announced that obtaining creditor protection became necessary following recent developments in two Class Action proceedings in Québec against RBH, Imperial Tobacco Canada Limited, and JTI-Macdonald Corp. (see “The Class Actions & Other Pending Litigation” below for details).

The Biogen Stock Plunge Looks a Lot Like the Notorious ‘Marlboro Friday’
Thu, 21 Mar 2019 16:10:00 +0000
Biogen lost more than a quarter of its value after discontinuing trials on an Alzheimer’s drug. One analyst compared the drop to the time Philip Morris tumbled more than 20%.

[$$] Marlboro maker teams up with Vice for vaping push
Thu, 21 Mar 2019 12:31:40 +0000
Tobacco giant Philip Morris International has teamed up with youth-focused Vice Media to promote vaping, in a move that has alarmed health campaigners. Vice has agreed a deal with PMI to produce sponsored content endorsing ecigarettes, according to two people with direct knowledge of the arrangement. One said the deal would cost the tobacco group £5m and that the campaign was due to start in April.

The Zacks Analyst Blog Highlights: Deutsche Telekom, Fortescue, General Mills, Philip Morris and Southern
Wed, 20 Mar 2019 12:43:12 +0000
The Zacks Analyst Blog Highlights: Deutsche Telekom, Fortescue, General Mills, Philip Morris and Southern

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