(Finance) – Moderate descent for Philip Morris Internationalwhich proposes a negative percentage change of 0.53% compared to the previous session.
The tobacco giant confirmed that it expects a earnings per share adjusted between $6.05 and $6.08. This is a lower range than the expectations of analysts who had indicated a result of $6.12.
The one-week trend of holding company that produces cigarettes is more sluggish compared to the trend of theS&P 100. This decline could trigger opportunities for the market to sell the stock.
For the medium term, the technical implications assumed by Philip Morris International they are still read in a positive light. The short-term indicators highlight a slowdown in the push phase in contrast with the price trend so, at this point, the marked slowdowns in the revaluation phase approaching USD 92.88 should not be surprising. The most immediate support is estimated at 91.89. Expectations are for an adjustment phase aimed at eliminating medium-term excesses and ensuring an adequate turnover of the operating currents with a target of 91.33, to be reached in a reasonably short time.