PaperBozz

$PFE - Oversold. Possible seller exhaustion

Long
NYSE:PFE   Pfizer
#Pfizer has been oversold for some time. Today's gap down on UBS downgrade could be the seller exhaustion and potential bounce to come.
Target 1 - $46.5
Target 2 - $47.67
Target 3 - $51
Long term - $60
Risk - fall to $41.
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.

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