The current Dogs are: CVX, CAT, VZ, PFE, CSCO, IBM, BA, MRK, INTC, XOM. CVX is waiting and hold until that close. CAT IS A BUY. VZ is a buy. PFE is a hold. Take a look at each one of those names on a DAILY CHART. Set only ONE Exponential moving average on the chart. Just one. Nothing else. A 33 Exponential Moving Average, offset by 3. As soon as you get a...
Pfizer is doing pretty well on long term perspective
Price has tested and held the 10-year trend, by falling to 10-year uptrend border (at 30.5) during August selloff, then bouncing back up from it
Price is also currently restoring its 5-year trend, however it is yet to trade above the 5 -year uptrend border at 33
Nothing stops the price from trending upwards -...
PFE (Daily)
Rounding bottom formation 11 month, Withing long term Channel.
Breaking out from a short term, ascending diagonal rectangle.
Staying above neck_line, projects top of Channel.
Versus S&P500, bullish brake_out from downtrend line.
Retest possible.
Healthcare stocks (XLV) in general look overbought. Pfizer looks like it has completed a wolfe wave and could retrace back to $30. See annotations on chart.
If the long term thick downtrend holds true, then Pfizer might end up around 9 dollar again in time to come
With such a weak performance since 1991, i think sooner or later DOW 30 components will be revised to replace those slackers stock
