IvanLabrie

$PFE: Big weekly trend setting up...

Long
NYSE:PFE   Pfizer, Inc
I think $PFE offers a tremendous opportunity here, good setup to enter a position with low risk vs reward potential. Could be a long term position as well, depending on how it evolves.
I'm long 12.07% here, risking a 3 times the daily ATR move against me for a 1% loss if it drops that much. Valuation is attractive and long term charts have a huge setup in $PFE, the big correction as of late seems to be over, and it's ready to go steadily up again.

Best of luck,

Ivan Labrie.
Comment:
Trade active: New opportunity to enter or add to this trade and tighten stops.
Long term, interesting to have exposure to $PFE overall, my only concern is that in the period between 2000 and 2013 it didn't perform well. Things might be different in the present, given their boost to earnings from MRNA vaccines, technicals certainly look good long term as well.
Trade closed: stop reached: Turned into a down trend signal now: I trade this one using options to have low cash allocation to it and fixed risk.

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