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8 pts

Opinion on  Pfizer Inc (PFE)     Sector: Healthcare  >  Industry: Major Drugs
Higher Highs, Higher Lows

Jul 18, 2008 03:19 PM UTC
N633550764_761802_5264
Return Risk
-34.02% MID
Analyst

Believe that PFE bottomed on June 26 at $17.17.  Since then, over the past month, PFE has consistently made higher highs with higher lows. Both the 10-day and 21 day moving averages are UP. I look for this trend to continue and have been buying on this prediction. PFE has a lot of cash and a decent dividend. I’m more interested in the cash; looking for PFE to make an acquisition(s) to improve pipeline and growth. Dividend is nice but considered a trap by many.


Update 07/24:

PFE made a new high today of 19.07 (19.20 in after hours) on some good earnings news (strong international sales).  This new high continues the positive trend of higher highs and higher lows I first called on July 18.  I am looking for the trend to continue.


Update 08/14:

The 50 day Moving Average is rising which is Bullish.  This usually signals a strong buy.


PFE:  This call was made on 07/18/08 @ $18.25
Rating:   Positive   $18.25 (07/18/08)
Gain/Loss:   -17.86% in 127 days


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