Awaiting completion of a what looks to be a very nice inverse head and shoulders for 
PFE.
Notes:
Bullish TA outlook -PFE broke out of a long-term head and shoulders recently, which is clearly visible on the weekly chart
Buy Rating - 10 analysts coverPFE. 5 Buy recommendations and 5 Hold recommendations. This has improve gradually over the past 3 months
Analyst Price Target - Average $48.50 with a high of $55 and a low of $45
Trade:
Buy - Strong breakout above $43.75
Stop Loss - Personally I would do any close under the 200 day MA but you could go as low as $40.33
Stop - Based on the size of the IH&S ($39.50 low to $43.75 neckline), TA theory indicates the stock should head to roughly $48, which just so happens to be right around all time highs (coincidence??)
PFE.Notes:
Bullish TA outlook -
PFE broke out of a long-term head and shoulders recently, which is clearly visible on the weekly chartBuy Rating - 10 analysts cover
PFE. 5 Buy recommendations and 5 Hold recommendations. This has improve gradually over the past 3 monthsAnalyst Price Target - Average $48.50 with a high of $55 and a low of $45
Trade:
Buy - Strong breakout above $43.75
Stop Loss - Personally I would do any close under the 200 day MA but you could go as low as $40.33
Stop - Based on the size of the IH&S ($39.50 low to $43.75 neckline), TA theory indicates the stock should head to roughly $48, which just so happens to be right around all time highs (coincidence??)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.