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Aug 15

Pfizer Inc (PFE) Down 0.42%, in an Uptrend Over Past 30 Days; Price Base in Formation Over Past 90 Days – CFD Trading

Pfizer Inc Daily Price Recap

The back and forth price flow continues for Pfizer Inc, which started today off at 38.17 US dollars, down 0.42% ($0.16) from the day prior. This move happened on lower volume, as yesterdays volume was down 23.18% from the day before and down 47.77% from the same day the week before. Here is a daily price chart of Pfizer Inc.

Coming into today Pfizer Inc is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for Pfizer Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Also of note is that on a 90 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Pfizer Incs price has gone up 15 of the previous 30 trading days.

Heres what one trader on StockTwits recently had to say in regards to PFE:

Its interesting that the SalivaDirect covid test study that is being conducted by Yale on the NBA players is being funded by $PFE. They are using the $OPK BioReference test as a comparison because of the accuracy of that test. Seems like another great Pfizer and OPK partnership just like on the hGH deal ALW has received research funding through grants from Pfizer to Yale and has received consulting fees for participation in advisory boards for Pfizer. https://www.medrxiv.org/content/10.1101/2020.08.03.20167791v1

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Pfizer Inc (PFE) Down 0.42%, in an Uptrend Over Past 30 Days; Price Base in Formation Over Past 90 Days - CFD Trading

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