Philip Morris International may rise to 112.20 - 113.80

Our pivot point stands at 104.8.

Our preference

The upside prevails as long as 104.8 is support.

Alternative scenario

The downside breakout of 104.8 would call for 102.3 and 100.8.

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 103.7225 and 102.2416).

Supports and resistances

115.2 **

113.8 *

112.2 **

110.7

107.22 (USD-last)

105.8

104.8 **

102.3 *

100.8 **

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