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Watch for Shares of Pfizer Inc (PFE) to Approach Resistance at $32.65

Jun 29, 2020 (SmarTrend(R) News Watch via COMTEX) --
Pfizer Inc (NYSE:PFE) has opened bullishly above the pivot of $31.98 today and has reached the first level of resistance at $32.34. Investors may be interested in a cross of the next upside pivot targets of $32.65 and $33.32.

In the past 52 weeks, shares of Pfizer Inc have traded between the current low of $0.00 and a high of $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%.

Pfizer Inc (NYSE:PFE) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $39.71. Pfizer Inc shares should first meet resistance at the 50-day moving average (MA) of $36.21 and find additional resistance at the 200-day MA of $36.47.

SmarTrend recommended that its subscribers protect gains by selling shares of Pfizer Inc on June 1st, 2020 by issuing a Downtrend alert when the shares were trading at $35.32. Since that call, shares of Pfizer Inc have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Write to SmarTrend at cs@mysmartrend.com

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