Thu, Jul 31, 2014, 3:06 AM EDT - U.S. Markets open in 6 hrs 24 mins


% | $
Click the to save as a favorite.

Philip Morris International, Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • joelm_shapiro joelm_shapiro Jan 28, 2009 11:39 AM Flag

    PM Int'l sells a lot of cigarettes

    I see a trading range in PM between $45 and $35. Standard technical analysis says that if a breakdown from that range forecasts a $10 move, same as the size of the range, giving you a $25 price target. Also, if you take PM's 52-week high and subtract a fibonacci 62% you get $21. Finally, there is a consolidation triangle forming, same as in the indexes, forecasting a move to $22. You can also see a downward sloping head and shoulders top with a $22 price target. So from a variety of TA methods, you get price targets in the low 20s. If PM trades at $22, it would yield almost 10%. A very high number to be sure, but in a market that is imploding, not out of the question.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
83.19-1.46(-1.72%)Jul 30 4:03 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.