Philip Morris International may rise to 106.70 - 108.00

Our pivot point stands at 100.1.

Our preference

As long as 100.1 is support look for 106.7.

Alternative scenario

Below 100.1, expect 97.9 and 96.7.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 101.864 and 100.6876).

Supports and resistances

109.3 **

108 *

106.7 **

105.5

102.76 (USD-last)

100.9

100.1 **

97.9 *

96.7 **

Number of asterisks represents the strength of support and resistance levels.