Pfizer (PFE) – Bullish DailyPlay for Wednesday Sept 5th, 2018
The bullish DailyPlay we chose for Wednesday, Sept 5th is Pfizer (PFE). PFE is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 2.48% move higher and its 1m and 6m trend has turned bullish on 7/5 and recently broke above its $90 resistance level.
Pfizer’s 1m and 6m trends turned bullish on 7/3 and recently bounce higher off its $41 support level. With a technical score of 8 (out of 10), PFE is a strong bullish stock that will likely continue higher.
As a stop loss, if PFE was to trade below $41 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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