ContraryTrader

PFE

Long
NYSE:PFE   Pfizer
I really like this setup here , not just because of PFE chart but because XLV sector itself is way overbought amd I think the position PFE is in on its chart makes it a prime beneficiary of any rebound in the sector.

Easy entry and stop loss here...

Entry Over - 40.00
Stop loss 38.50

1st target is 44$ or .5 fib

I won't stick around for the entire reversal but I will play till 44


Comment:

Looking good here.. we break over 40.50 and we fly

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