Philip Morris (PM) Offering Possible 28.21% Return Over the Next 22 Calendar Days

view original post

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 28.21% return on risk over the next 22 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 $1.10 would be kept by the premium seller. The risk of $3.90 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 73.53 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

MO Stock: Is Marlboro Maker Altria A Buy Ahead Of Earnings?
Fri, 22 Apr 2022 20:18:09 +0000
Altria reports first-quarter earnings on Thursday. Analysts expect earnings and sales to inch higher. So should you buy MO stock now?

Philip Morris International Stock Earns Relative Strength Rating Upgrade; Hits Key Benchmark
Fri, 22 Apr 2022 19:36:00 +0000
One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Philip Morris International stock just hit that mark, with a jump from 79 to 83 Friday. Is Philip Morris International Stock A Buy?

Company News for Apr 22, 2022
Fri, 22 Apr 2022 12:41:12 +0000
Companies In The News Are: PM, MMC, AA, CVNA

Philip Morris (PM) Q1 Earnings & Revenues Top Estimates
Thu, 21 Apr 2022 17:07:05 +0000
Philip Morris’ (PM) first-quarter 2022 results reflect higher earnings and revenues, with favorable pricing variance being an upside.

Philip Morris Beats Quarterly Estimates but Slashes Outlook
Thu, 21 Apr 2022 16:10:00 +0000
Philip Morris International’s quarterly earnings and revenue beat estimates, but the maker of Marlboro cigarettes slashed its forecasts for the full year, citing the war in Ukraine. Its CFO told Barron’s that while the conflict has affected business, the company is still seeing impressive growth outside the region. Philip Morris (ticker: PM) earned an adjusted $1.56 a share in the first quarter, higher than the consensus call of $1.49 a share among analysts tracked by FactSet.

Related Posts