Philip Morris Stock Trading Above 200 & 50-Day SMA: Should You Buy?
PMI(PM) ZACKS·2024-09-19 23:25
Philip Morris International Inc. (PM) has demonstrated impressive upward momentum, consistently trading above its 200-day and 50-day simple moving averages (SMA), key indicators of price stability and long-term bullish trends. As of Sept. 18, PM was trading at $120.96, which surpassed both its 200-day SMA of $99.21 and 50-day SMA of $117.16, highlighting a continued uptrend. Image Source: Zacks Investment ResearchSMA is a key tool in technical analysis used to assess price trends by smoothing out short-ter ...