Philip Morris International may rise to 110.40 - 111.80

Our pivot point stands at 103.1.

Our preference

The upside prevails as long as 103.1 is support.

Alternative scenario

Below 103.1, expect 100.6 and 99.3.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 102.4375 and 101.452). Finally, Philip Morris International is trading above its upper Bollinger band (standing at 105.85).

Supports and resistances

113.1 **

111.8 *

110.4 **

108.9

106.1 (USD-last)

103.9

103.1 **

100.6 *

99.3 **

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