Philip Morris International Stock Sees Rising Price Performance With Jump To 90 RS Rating
On Thursday, Philip Morris International stock cleared a key performance benchmark, with its Relative Strength (RS) Rating entering into the 90-plus percentile with an upgrade to 90, up from 79 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
Is Philip Morris International Stock A Buy?
Philip Morris International stock is building a cup with handle with a 105.84 entry. See if the stock can break out in trade at least 40% higher than normal.
The stock's relative strength line is in new high ground, a bullish indicator ahead of a potential breakout.
Taking a look at top and bottom line numbers, Philip Morris International has posted rising EPS growth over the last two quarters. Sales growth has not followed the same trajectory, coming in at 0% in the most recent report.
Philip Morris International stock earns the No. 1 rank among its peers in the Tobacco industry group. Vector ranks No. 1 within its industry group.