Monday, October 4, 2010

Pfizer Inc to Head Down for The Short Term

Date: October 2, 2010
Current Price: $16.90
Target Price: $15.70 and below
Period: Less than 3 months
Confident Level: 3 (1-5)

I believe over the short term Pfizer will consolidate and hit the support point of $15.70 and below. Both Stochastic and MACD indicators point to a negative results for this stock.
Pfizer may move down to fill the gap at $15.48.
This stock is a sell for the short term, however over the long term, this stock is worth investing.

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