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Watch for Shares of Pfizer Inc (PFE) to Approach Support at $43.66

By Shiri Gupta

Shares of Pfizer Inc (NYSE:PFE) opened today below their pivot of $44.91 and have already reached the first level of support at $44.08. Should the shares continue to fall, the support pivots of $43.66 and $42.41 will be of interest.

In the past 52 weeks, shares of Pfizer Inc have traded between a low of $33.20 and a high of $45.81 and are now at $43.90, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.35% higher and 0.87% higher over the past week, respectively.

Pfizer Inc (NYSE:PFE) is currently priced 9.5% above its average consensus analyst price target of $39.71. The stock should find initial support at its 50-day moving average (MA) of $42.51 and further support at its 200-day MA of $37.88.

SmarTrend recommended that subscribers consider buying shares of Pfizer Inc on July 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.39. Since that recommendation, shares of Pfizer Inc have risen 19.1%. We continue to monitor PFE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts pfizer inc

Ticker(s): PFE