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Look for Shares of Pfizer Inc to Potentially Rebound after Yesterday's 1.90% Sell Off

Jun 26, 2020 (SmarTrend(R) News Watch via COMTEX) --
Pfizer Inc (NYSE:PFE) traded in a range yesterday that spanned from a low of $31.61 to a high of $32.33. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $31.83 on volume of 12.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Pfizer Inchas traded in a range of $0.00 to $44.56 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

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

Write to SmarTrend at cs@mysmartrend.com

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