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Look for Shares of Pfizer Inc to Potentially Rebound after Yesterday's 2.17% Sell Off

By David Diaz

Pfizer Inc (NYSE:PFE) traded in a range yesterday that spanned from a low of $42.75 to a high of $44.49. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $44.48 on volume of 18.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Pfizer Inc on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.39. Since that recommendation, shares of Pfizer Inc have risen 19.1%. We continue to monitor PFE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Pfizer Inc has traded in a range of $33.20 to $45.81 and is now at $43.28, 30% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.3%.

Keywords: rebounders pfizer inc

Ticker(s): PFE