Pfizer — Flag Pattern is Working

by DAN Pfizer Inc. ($PFE) is hitting a new 52 week high today. Over the past 52 weeks PFE has traded from a low of $23.55 to a high of $31.15. PFE was last at $31.18 on a volume of 19,779,100. Average daily volume has been at 25,601,767.

52 Week Range $23.55-$31.15 Market Cap 207,129,322,033 Average Volume 25,601,767 Dividend Yield 3.12% Institutional Ownership 77.50% Insider Ownership: 0.20% Percentage of Float Short 0.90% Beta 0.84

PFE broke out of a volatility squeeze at $29 in early October and had been consolidating in a tight flag pattern near $31 for the past few days. The breakout today puts the stock at a 52-week high. Current support is back in the middle of the flag — about $30.50. Technical traders should watch that level because a breakdown could signal lower prices.

Pfizer Inc is a research-based biopharmaceutical company. The Company has five operating segments-Primary Care; Specialty Care and Oncology; Established Products and Emerging Markets; Animal Health; and Consumer Healthcare.

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