C = Catalyst for a Stock’s Movement
Pfizer is huge biopharmaceutical company that is primarily involved in the research, development and distribution of medicines and people worldwide. Its sheer size allows it to have the resources that it needs to remain a titan in its industry. In a world with such a large population that has not been reached and with healthcare taking a greater share of importance, Pfizer is a company that is poised to profit for years to come.
T = Technicals on the Stock Chart are Strong
Pfizer’s long term chart shows the monster run that the company, like many, had in the 90s. Soon after, however, the stock began downtrending for the next 8 years. Recently, Pfizer broke this long term downtrend and has been seeing higher prices on higher highs and higher lows, a beautiful uptrend. Looking a little deeper, the stock is in a selling zone that ranges from the $27-$30 area. So, Pfizer stock may pause a bit before resuming its higher trend.