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JimVanMeerten (56.62)

Pfizer lost it fizzle



September 12, 2011 – Comments (0) | RELATED TICKERS: PFE


One of the companies that seems to be on every ones watch list is Pfizer (PFE).  Let's look at the numbers and you decide for yourself.  Lately the price action hasn't been that great as shown by this chart provided by Barchart and the stock is presently done 14.12% off its recent high.

Barchart technical indicators:

1 - If you have done your homework and just have to have a certain stock technical sell signals can be a signal for a lower than normal entry point

2 - 80% Barchart technical sell signal

3 - Trend Spotter technical sell signal

4 - Presently below its 20, 50 and 100 day moving averages

5 - The stock is down 14.12% from its one year high

6 - Relative Strength Index is 46.06% and still falling

7 - Barchart computes a technical support level at 17.87

8 - Trading near 18.31 which is below its 50 day moving average of 18.84

Summary:  For me, I'm going to pass on this one.  Out of the 6,000 stocks I usually screen I like to see double digit projections for sales and earnings as well as some upward price appreciation.  I don't find that here in Pfizer (PFE). If however, you've agree with the analysts and individual investors and still want to own it then at least at this level you buy in at a 14% discount

Jim Van Meerten is a Marketocracy Master

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