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Pfizer Inc Rises 2.04% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Pfizer Inc (NYSE:PFE) traded in a range yesterday that spanned from a low of $36.11 to a high of $36.58. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $36.01 on volume of 5.9 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 8% above that low price at $36.52 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.3%.

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