Technical analysis of Philip Morris International (PM) reveals a significant setup. The stock is trading at $189.77, up 2.19% on the day. Price action has carved out a classic Ascending Triangle. The trend indicator is reading 5.4/100, suggesting moderate momentum. A potential breakout level is identified at $196.66, targeting $212.31 with support near $181.01 (R:R 1.0).
PM is part of the Consumer Staples stock on ChartPattern.io. The scanner currently highlights Ascending Triangle as the leading setup, with an entry near $196.66, a stop around $181.01, and a target near $212.31.