Tobacco stocks are working for the first time in years, and it's the last group anyone expected to lead the consumer space. The biggest cigarette companies' top product isn't a cigarette anymore. Nicotine pouches, smokeless tobacco, and all manner of wonders that deliver nicotine into the body.
Today's standout is set up for another rip:
Philip Morris International Inc. $PM is currently exhibiting a squeeze score of 94.6.
Here’s what the chart looks like:
Philip Morris bulls are working to complete a multi-month continuation base, with price coiling in a tightening continuation pattern just beneath a key polarity level near 190..
Volatility on the Strazza Indicator has compressed to the lower bound of the trailing twelve month range.
Today's initial move may be the starting line momentum that ignites the next up leg.
