Pfizer Inc (PFE) Down 1.11%, Breaks Below 20 Day Average; Pin Bar Pattern Appearing on Chart

Pfizer Inc 4 Hour Price Update

Updated August 26, 2020 04:34 PM GMT (12:34 PM EST)

PFE’s price is down $-0.51 (-1.33%) over the past four hours of trading. For context, Pfizer Inc’s peers in the in the Pharmaceutical Products industry are up 0.15% on average in this time, while its counterparts in the broader Healthcare sector are down by an average of -0.78%.

Pfizer Inc Daily Price Recap

Pfizer Inc closed the previous day down 1.11% ($0.43); this denotes the 2nd day in a row a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 5.89% from the day prior, and up 103.17% from the same day the week before. Below is a daily price chart of Pfizer Inc.


Pfizer Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Pfizer Inc crossed below its 20 day moving average yesterday. Volatility for Pfizer Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Pfizer Inc’s price has gone down 8 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about PFE:

    $PFE don’t care about MOnderna, PFE will be the first vaccine approved by FDA and it will sore to highs never seen before. Small blip with the Dow but all is well. I’ll take the opportunity to buy some October ATM Calls. It will pay off nicely