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After Yesterday's Decline of 1.10%, Pfizer Inc Offers Investors Better Value

By James Quinn

Pfizer Inc (NYSE:PFE) traded in a range yesterday that spanned from a low of $37.84 to a high of $38.05. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $38.25 on volume of 693,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Pfizer Inc has traded in a range of $33.97 to $46.47 and is now at $37.87, 11% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for Pfizer Inc and will alert subscribers who have PFE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders pfizer inc

Ticker(s): PFE