Rochester, NY 7/16/2009 5:06:55 AM
PM - Philip Morris International Shows Bullish Technical Indicators
Philip Morris International Inc.
PHILIP MORRIS INTL, PM
WhisperFromWallStreet.com offers daily stock alerts to subscribers. Sign up for our free alerts newsletter.Philip Morris International Inc. ended the last trading session at $42.35. So far the stock has hit a 52-week low of $32.04 and 52-week high of $56.26. Philip Morris International stock has been showing support around 41.10 and resistance in the 44.20 range. Technical indicators for the stock are Bullish and S&P gives PM a positive 4 STAR (out of 5) buy rating. PM appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Sep '09 42 covered call (PFY IT) for a net debit in the $40.10 area. That is also the break even stock price for this trade. This covered call has a 68 day duration, provides 5.31% downside protection and a 4.74% assigned return rate for a 25.43% annualized return rate (comparison purposes only).
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