Philip Morris International may rise to 105.80 - 107.70

96.6 is our pivot point.

Our preference

As long as 96.6 is support look for 105.8.

Alternative scenario

The downside breakout of 96.6 would call for 93.4 and 91.5.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 98.938 and 94.91).

Supports and resistances

109.6 **

107.7 *

105.8 **

103.9

100.05 (USD-last)

97.8

96.6 **

93.4 *

91.5 **

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