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Philip Morris Beats Resistance – Zacks Tale of the Tape

Source: http://www.zacks.com/stock/news/19745/Philip+Morris+Beats+Resistance+-+Zacks+Tale+of+the+Tape
 Posted on Friday, May 1st, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -

Philip Morris International Inc. (PM) rose marginally in morning trade to move past a short-term level of resistance at $36.24. The consensus estimate on the company’s full-year earnings has gone up by 2 cents per share to $2.99 in the past week. The most accurate estimate, however, is more bullish at $3.02 a share. Philip Morris is a Zacks#2 Rank (”Buy”) stock.

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