Philip Morris International (PM) NewsBite - PM Hits 52-Week High of 54.07
Posted: Friday, September 03, 2010 2:55 PM EDT
By: Market Intelligence Center Staff
Philip Morris International (NYSE: PM) hit a new 52-Week high of $54.07 so far today. Currently the stock is up $0.75 (1.41%) to $54.04 on 2,989,135 shares traded. Today's high is up $35.21 from a 52-Week Low of $18.83. Philip Morris International has been showing support around $52.68 and resistance in the $53.66 range. Technical indicators for the stock are bullish and S&P gives PM a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on PM the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 48 range. [ABR-Seven Summits Strategic Investments NewsBite]
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