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In a welcome move, Philip Morris International (PM) stock saw its Relative Strength Rating improve from 70 to 73 on Wednesday.




X



When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

Over 100 years of market history shows that the market’s biggest winners tend to have an RS Rating of above 80 as they launch their largest climbs. See if Philip Morris International can continue to rebound and clear that threshold.


Looking For The Best Stocks To Buy And Watch? Start Here


Is Philip Morris International Stock A Buy?

Philip Morris International is working on a consolidation with a 109.91 entry. See if it can clear the breakout price in heavy trade. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

The tobacco company posted -6% EPS growth in its most recent report, while sales growth came in at 0%. Look for the next report on or around Oct. 19.

Philip Morris Internationals stock holds the No. 1 rank among its peers in the Tobacco industry group.

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The post Philip Morris International Stock Shows Rising Relative Strength appeared first on Investor's Business Daily.

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