PFIZER INC
(PFE-NYSE):
Technical Viewpoint: From a low
of $31 1/2 on Jan 4, 2000 prices
rallied, reaching a
high of $37.94
on Feb 8, 2000. A
decline saw prices pull back, reaching a
low of
$30.00 on Mar 7, 2000.
Another rally saw prices penetrate
resistance, closing 3/15/00
at $35 1/4. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 9, 2000 when the solid line crossed the dotted line to the upside.
Support: Remains at $33.00. Resistance: Is at $36.00.
Point & Figure: Reversed to the upside on Mar 15, 2000. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! PFIZER INC
(PFE-NYSE) @ $35 3/4 Stop: Use a protective stop of $33 1/8.
PFIZER INC is currently trading @ $35 1/4 plus $2.00 on Mar 15, 2000. Price Objective:
$45 3/4. Risk/Reward: $2 5/8 VS. $10.00. Today's Risk Reward Ratio: 4:1
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