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Pfizer Inc (PFE) Breaks Through Support at $40.46

By David Diaz

Shares of Pfizer Inc (NYSE:PFE) opened today below their pivot of $41.26 and have already reached the first level of support at $40.46. Analysts will be watching for a cross of the next downside pivot targets of $40.06 and $38.86.

Pfizer Inc (NYSE:PFE) is currently priced 2.7% above its average consensus analyst price target of $39.71. The stock should find initial resistance at its 200-day moving average (MA) of $42.17 and further resistance at its 50-day MA of $42.27.

Over the past year, Pfizer Inc has traded in a range of $34.37 to $46.47 and is now at $40.80, 19% above that low. The 200-day and 50-day moving averages have moved 0.19% higher and 0.14% lower over the past week, respectively.

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: pivot alerts pfizer inc

Ticker(s): PFE