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Watch for Shares of Pfizer Inc (PFE) to Approach Support at $34.77

By Amy Schwartz

Shares of Pfizer Inc (NYSE:PFE) opened today below their pivot of $35.38 and have already reached the first level of support at $34.98. Investors may be interested in a cross of the next downside pivot targets of $34.77 and $34.16.

Pfizer Inc (NYSE:PFE) has potential upside of 14.1% based on a current price of $34.79 and analysts' consensus price target of $39.71. The stock should find initial resistance at its 50-day moving average (MA) of $41.78 and further resistance at its 200-day MA of $42.22.

In the past 52 weeks, Pfizer Inc share prices have been bracketed by a current low of $34.77 and a high of $46.47 and are now at $34.79. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Pfizer Inc on July 29th, 2019 by issuing a Downtrend alert when the shares were trading at $42.17. Since that call, shares of Pfizer Inc have fallen 16.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts pfizer inc

Ticker(s): PFE