Is Pfizer’s Stock Gaining Ground?

With shares of Pfizer (NYSE:PFE) trading around $28, is PFE an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

C = Catalyst for a Stock’s Movement

Pfizer is a biopharmaceutical company that discovers, develops, manufactures, and sells medicines for people and animals worldwide. Health and wellness are quickly rising to one of the most important topics in the world today. As life expectancy continues to rise, Pfizer is well-positioned to provide the products many consumers require. The company is poised to continue to profit for years to come.

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T = Technicals on the Stock Chart are Strong

Pfizer stock is currently relishing from a break above a multi-year downtrend. Currently, the stock is trading in a well-defined uptrend consisting of higher highs and higher lows. Key simple moving averages can provide insight into the trend and strength of the trend. What are the key moving averages? The 50-day, 100-day, and 200-day simple moving averages. Pfizer is currently trading above all of its rising key simple moving averages. In fact, the stock is also above its rising 20-day simple moving average. All of these key averages confirm a strong uptrend in the price of Pfizer stock…

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