14.11.2014 - The stock price of Pfizer is trying to break through the upper limit of the channel

Pfizer's stock price after fixation above the critical level of 30.00 continued to grow and reached the upper limit of the downward channel. At the moment there is a high probability of price reduction to the level of 28.00 and the bottom of the channel. In case of breaking through the upper boundary of the channel and fixing the price above 31.00, we recommend to open long positions with a stop below 30.00 and the closest target near 33.00. We forecast a decline in quotations in the medium term.

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