PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 24.90

-2.1%

Nov 19 3:59 PM EST

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To: Anthony Wong who wrote (3792)	6/30/1998 8:15:00 AM
From: Mazman	Read Replies (2) of 9523

Anthony and thread, Today's Investor's Business Daily (6-30-98) lists Pfizer as one of 20 stocks poised for breakout. Here is relevant text on PFE... "Sitting at the top of IBD's list in terms of price is Pfizer, which is selling near 109. The stock has an 80 EPS (earnings per share) rank and 93 RS (relative strength). It ran up from 61 a year ago. So it has excellent upside momentum. Earnings this year should rise 23%, surpassing the 17% raise rate of growth the past five years. "Pfizer is benefiting from strong sales of a hot new drug called Viagra, which is used to treat impotence. The stock has a good institutional following and is part of a strong industry group: drug makers. "The breakout price is found by looking at the most recent areas of price resistance. In Pfizer's case, it's 115. "The stock peaked at 121 3/4 on April 21. When it slipped back, it formed a basing pattern that showed resistance at 115 on May 1, May 20, June 19 and June 10.."

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