JoeHayes
Short

PFE SHORT - Past Performance MAY be Indicative of Future Results

NYSE:PFE   PFIZER INC
Bearish momentum divergence seen on PFE via the Mac-D histogram. As one can see, PFE tends to follow these divergences quite cleanly and trades back to the 50 EMA . All of these reference points are taken from the Bollinger Band extremes. The first lower/higher reading on the histogram has spelled reversal in the past. Today, our histogram has put in it's first lower high signaling an entry. Conservative traders may look for a break of today's low to enter short. I'm looking for price to gravitate back towards the 50 ema .
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