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After Yesterday's Rally of 1.57% Shares Could Potentially Pullback

By James Quinn

Pfizer Inc (NYSE:PFE) traded in a range yesterday that spanned from a low of $36.21 to a high of $36.87. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $36.59 on volume of 6.0 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 $39.43 and a 52-week low of $29.83 and are now trading 23% above that low price at $36.79 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is monitoring the recent change of momentum in Pfizer Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pfizer Inc in search of a potential trend change.

Keywords: rebounders pfizer inc

Ticker(s): PFE