Pfizer, week 9 of a sell signal
Pfizer: the decline slows, but the technicals haven't turned yet
Pfizer, week 9 of a sell signal
In Summary
Ninth week of the sell signal on Pfizer, and the week closed nearly flat (+0.1%) after two straight down weeks. Buying volume climbed back to 70%, and a double bottom formed in the 24 area on the daily chart with an intermediate 6% rebound. The short-term technical picture, though, hasn't turned yet: MACD and the histogram remain worse than a month ago.
IQS Phase
85
in tension / maturity
Signal Strength
34
decline losing steam
Sizing
REDUCED
Ranking
#6 / 137
US stocks
Trade P&L %
+5.30%
from signal to today
restricted Platinum content