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Pfizer Inc (PFE) Approaches New Upside Target of $35.80

By Nick Russo

Shares of Pfizer Inc (NYSE:PFE) opened today above their pivot of $35.68 and have already reached the first level of resistance at $35.70. Investors may be interested in a cross of the next upside pivot targets of $35.80 and $35.92.

Potential upside of 11.5% exists for Pfizer Inc, based on a current level of $35.60 and analysts' average consensus price target of $39.71. The stock should run into initial resistance at its 50-day moving average (MA) of $38.67 and subsequent resistance at its 200-day MA of $38.86.

Pfizer Inc share prices have moved between a 52-week high of $44.56 and a 52-week low of $33.97 and are now trading 5% above that low price at $35.60 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 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: pivot alerts pfizer inc

Ticker(s): PFE