Sentiment in the Pharma sector is terrible at the moment, with no sign of changing until possibly after the 2020 elections. Healthcare is a hot topic on the minds off all candidates running for election with differing views on policy and pricing. so we see it as a no go zone. Pfizers chart is very negative with indicators all turned lower and a death cross on the Ma's. Selling pressure has also intensified going into earnings as has the short interest.
Pfizer Inc. engages in the discovery, development, and manufacture of healthcare products specializes in medicines, vaccine, and consumer healthcare. It operates through the Pfizer Innovative Health (IH) and Pfizer Essential Health (EH) segment.