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

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

PFE 25.61

+1.8%

Dec 3 3:59 PM EST

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To: BigKNY3 who wrote (4524)	7/22/1998 7:49:00 PM
From: B.REVERE	Read Replies (1) of 9523

BigKNY3,Michael,whilewe fell through support at 114 intraday,the close above the 115 level was bullish. I still show an uptrend in pfe where its 50 dma lies at 110. I always thought that the 115 support area was not the primary one for pfe. 115 was established due to options related activity around that strike during June and July. The primary support was at 114 1/8 established three months ago. When that broke today, had we closed below 114 1/8, I would have closed my position and waited until a new support level (107?) developed. Since it didn't happen, I still think that technically we still show upside momentum. Another good sign during yesterday's selloff, the volume was only 3.8 million, below the 4.5 mill daily average the last two months. The biggest news I've seen this week has to be Monsanto's statement on celebra being ready for fda approval next month. If this comes in four months ahead of Merck's entry, Pfe should take off. Later. BR

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