TMCNet:  Watch for Shares of Pfizer (PFE) to Approach Resistance at $25.04

[November 29, 2012]

Watch for Shares of Pfizer (PFE) to Approach Resistance at $25.04

Nov 29, 2012 (SmarTrend(R) News Watch via COMTEX) -- Pfizer (NYSE:PFE) has opened bullishly above the pivot of $24.50 today and has reached the first level of resistance at $24.86. Investors may be interested in a cross of the next upside pivot targets of $25.04 and $25.58.


Pfizer share prices have moved between a 52-week high of $26.09 and a 52-week low of $18.77 and are now trading 32% above that low price at $24.78 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.19% higher over the past week, respectively.

Pfizer (NYSE:PFE) has potential upside of 11.4% based on a current price of $24.78 and analysts' consensus price target of $27.61. The stock should find initial support at its 50-day moving average (MA) of $24.73 and further support at its 200-day MA of $22.97.

SmarTrend is tracking the current trend status for Pfizer and will alert subscribers who have PFE in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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