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Pfizer (PFE) Breaks Through Resistance at $33.34

By James Quinn

Shares of Pfizer (NYSE:PFE) opened today above their pivot of $33.13 and have already reached the first level of resistance at $33.34. Should the shares continue to rise, the resistance pivots of $33.47 and $33.81 will be of interest.

Pfizer has overhead space with shares priced $33.25, or 11.5% below the average consensus analyst price target of $37.58. Pfizer shares have support at the 200-day moving average (MA) of $32.28 and additional support at the 50-day MA of $31.25.

In the past 52 weeks, Pfizer share prices have been bracketed by a low of $28.25 and a high of $37.39 and are now at $33.25, 18% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for Pfizer and will alert subscribers who have PFE in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts Pfizer

Ticker(s): PFE