Pfizer Inc (PFE) “On a long-term technical basis, the stock (PFE) is trading below its 200-day moving average which generally implies it is in a negative trend. If the new level of support at 32.99 holds, look for a bounce to the next resistance level at 34.91. If the stock breaks up through resistance at 35.72 a positive trend change is being attempted. Look for a possible long-term rally to previous highs.

The stock has support at 32.99 and 30.27. If the stock breaks down through support at 32.99 then it will probably continue lower to 30.27. The stock has resistance at 34.91 and at 36.66. If the stock breaks up through resistance at 34.91 then it will probably continue higher to 36.66. The 200-day moving average is at 36.41. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (18.42), and turning up, which suggests a pause or possible rebound, especially if near support. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”