Philip Morris International may rise to 109.90 - 111.80

100.1 is our pivot point.

Our preference

The upside prevails as long as 100.1 is support.

Alternative scenario

The downside breakout of 100.1 would call for 96.8 and 95.

Comment

The RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 100.1375 and 95.7122). Finally, Philip Morris International is trading above its upper Bollinger band (standing at 102.95).

Supports and resistances

113.8 **

111.8 *

109.9 **

108

103.79 (USD-last)

101.3

100.1 **

96.8 *

95 **

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