• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Pfizer Inc (NYSE:PFE)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Pfizer Inc (NYSE:PFE) based on the price action in the company's shares. Today's price range of $43.44 and $43.47 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Pfizer Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, shares of Pfizer Inc have traded between a low of $35.73 and a high of $46.47 and are now at $43.45, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Pfizer Inc. is a research-based, global pharmaceutical company that discovers, develops, manufactures, and markets healthcare products worldwide. The Company's products include medicines, vaccines, medical devices, and consumer healthcare products.

Pfizer Inc (NYSE:PFE) is currently priced 8.6% above its average consensus analyst price target of $39.71. Pfizer Inc shares have support at the 200-day moving average (MA) of $42.62 and additional support at the 50-day MA of $41.51.

SmarTrend recommended that subscribers consider buying shares of Pfizer Inc on May 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.76. Since that recommendation, shares of Pfizer Inc have risen 4.4%. We continue to monitor PFE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle pfizer inc

Ticker(s): PFE