The Rectangle is just one piece of the puzzle. See the full technical breakdown.
Sideways movement between parallel supports.
Bearish continuation pattern.
Traders are watching Philip Morris International (PM) as price action tightens. The stock is trading at $159.47, down 2.02% on the day. The primary technical feature is a Descending Triangle formation. Volume is average (0.92x avg) with moderate trend strength (14.0). A potential breakout level is identified at $151.63, targeting $121.75 with support near $166.48 (R:R 2.01).
What is your outlook on PM?