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Watch for Pfizer Inc to Potentially Pullback After Gaining 1.62% Yesterday

By Nick Russo

Pfizer Inc (NYSE:PFE) traded in a range yesterday that spanned from a low of $40.17 to a high of $40.52. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $39.68 on volume of 8.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Pfizer Inc share prices have been bracketed by a low of $33.97 and a high of $44.56 and are now at $40.71, 20% above that low price. The 200-day and 50-day moving averages have moved 0.1% lower and 0.18% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Pfizer Inc on September 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.33. Since that recommendation, shares of Pfizer Inc have risen 7.3%. We continue to monitor PFE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders pfizer inc

Ticker(s): PFE