PFIZER INC
(PFE-NYSE):
Technical Viewpoint: From a low
of $30.00 on Mar 7, 2000 prices
rallied, reaching a
high of $41.00
on Apr 12, 2000. A
decline saw prices pull back, reaching a
low of
$36 7/8 on May 14, 2000.
Another rally saw prices penetrate
resistance, closing 5/5/00
at $42.92. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 16, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $40.00. Resistance: Is at $44 1/4.
Point & Figure: Reversed to the upside on Apr 19, 2000. A P&F upside
reversal takes place at $41.00. Summary: Technical indicators have turned bullish. BUY! PFIZER INC
(PFE-NYSE) @ $43 3/8 Stop: Use a protective stop of $40 3/4.
PFIZER INC is currently trading @ $42.92 plus $1 1/8 on May 2, 2000. Price Objective:
$63.00. Risk/Reward: $2 5/8 VS. $19 5/8. Today's Risk Reward Ratio: 7:1
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