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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By David Diaz

Pfizer Inc (NYSE:PFE) traded in a range yesterday that spanned from a low of $35.28 to a high of $35.69. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $35.12 on volume of 9.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Pfizer Inc share prices have moved between a 52-week high of $46.47 and a 52-week low of $33.97 and are now trading 4% above that low price at $35.44 per share. The 200-day and 50-day moving averages have moved 0.32% lower and 1.2% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Pfizer Inc on July 29th, 2019 by issuing a Downtrend alert when the shares were trading at $42.17. Since that call, shares of Pfizer Inc have fallen 16.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders pfizer inc

Ticker(s): PFE