PFIZER CORP
(PFE-NYSE):
Technical Viewpoint: From a high
of $36 7/8 on Apr 14, 2000 prices
declined, reaching a
low of $46 3/8
on May 8, 2000. A
rally saw prices pull back, reaching a
high of
$41.69 on May 12, 2000.
Another decline saw prices penetrate
support, closing 5/25/00
at $45.69. Technicals: MACD-Histogram (MACD-H): A Sell Alert!
was given on Mar 16, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $43 1/2. Resistance: Is at $46.00.
Point & Figure: Reversed to the downside on May 25, 2000. A P&F downside
reversal takes place at $44.00. Summary: Technical indicators have turned bearish. SELL! PFIZER CORP
(PFE-NYSE) @ $45 7/8 Stop: Use a protective stop of $43 1/8.
PFIZER CORP is currently trading @ $45.69 minus $1.44 on May 25, 2000. Price Objective:
$63.00. Risk/Reward: $2 3/4 VS. $17 1/8. Today's Risk Reward Ratio: 6:1
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