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PM Growth & Income Trade Update

PM (Philip Morris International) Swing Trade + Growth & Income Trade hit T1 today but in reviewing the charts closely, I just noticed that it hit a low of 101.64 on Nov 15th which was exactly the stop loss trigger (any move below 101.65). This results in a 1.25% loss on the trade officially but for those that allowed for a more liberal stop, PM still looks like it might work its way up to T2 (108.92) in the coming months. Previous & updated daily charts:

The stop on this trade was set tight above average using an R/R of 4.6:1 vs. my typical minimum R/R of 3:1, which would have allowed for a $2.00 stop below the entry price of 102.93 when the trade was entered just under a month ago. For those still long PM, I will be glad to provide updates upon requeste going forward but as of now, this trade will be considered stopped out & moved to the Completed Trades archives.

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4 Comments

  1. sportofkings December 5, 2017 2:52 pm at 2:52 pm

    Hi Randy, I’m still in, so yes please.

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  2. rsotc December 6, 2017 9:14 am at 9:14 am

    Glad to hear that you stuck with it. Feel free to bump me for an update on PM anytime you’d like one. Although that 101.65 area is still solid support, at this point it would be idea for the stock to hold (on a closing basis) above the 103.90 area on any pullbacks as that is the top of the recent consolidation range. Best of luck on the position. The stock should be declaring the next dividend any day now.

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  3. sportofkings December 6, 2017 4:15 pm at 4:15 pm

    Nice move today!

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    • rsotc December 6, 2017 7:57 pm at 7:57 pm

      Just over 2% which is one of the largest one day gains in this relatively low volatility defensive stock. Coming up quickly on T2 but they should be declaring the next dividend any day now although the stock won’t go ex-dividend until the end of the month.

      UVV is another tobacco stock that recently put in a divergent low at support on the daily time frame. Coming up on horizontal plus downtrend line resistance but could rally if those levels are taken out. AOI & BTI looking strong too as is MO but that one has run too far, too fast to chase it but maybe on a decent pullback. G-luck!

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