Pfizer (PFE) Closes Prior Hour Up 0.09%; Moves Up For the 2nd Straight Day, Breaks Above 100 and 200 Day Averages

The Hourly View for PFE

Last Updated September 15, 2020, 23:11 GMT

At the time of this writing, PFE’s price is up $0.02 (0.04%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Pfizer Inc Daily Price Recap

Pfizer Inc closed the day prior up 2.61% ($0.94); this denotes the 2nd straight day an increase has occurred. As for how volume fared, yesterday’s volume was up 22.66% from the previous day (Sunday), and up 1.72% from Monday of the week before. The daily price chart of Pfizer Inc below illustrates.


Pfizer Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Pfizer Inc crossed above its 100 and 200 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Pfizer Inc’s price has gone down 17 of the previous 30 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to PFE:

    Top pharma companies by market cap 💊 (as of today)

    1. Johnson & Johnson ( $JNJ ) $403.21 B
    2. Roche ( $RHHBY ) $315.92 B
    3. Merck ( $MRK ) $212.98 B
    4. Novartis ( $NVS ) $208.40 B
    5. Pfizer ( $PFE ) $205.38 B