Pfizer (PFE) Price Near $36.28; Heads Down For the 2nd Day In A Row, in a Downtrend Over Past 14 Days, Pin Bar Pattern Appearing on Chart

Pfizer Inc Daily Price Recap

Pfizer Inc closed the previous day down 0.11% ($0.04); this denotes the 2nd day in a row a decrease has occurred. The change in price came along side change in volume that was down 25.28% from previous day, but up 11.53% from the Tuesday of last week. The daily price chart of Pfizer Inc below illustrates.


Pfizer Inc Technical Analysis

Notably, the current price of Pfizer Inc is sitting close to its 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Pfizer Inc’s price has gone down 9 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

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

    $PFE Today looks like one of the last remaining opportunities to get in under 37.00. All of the talking heads and analysts are finally talking seriously about the strength and leadership of Pfizer.

    The unfortunate AZN event serves to further drive home the point that you should always buy the strongest companies when shopping for an event stock. The event is the vaccine race.

    PFE is not only leading the race, but it is the strongest company, and solidly in the lead. The profits, the assets, the positive cash position, and the pipeline of Pfizer makes this a possible once in a lifetime buying event.

    Most importantly, PFE is grossly UNDERVALUED!